Nova Empire Balance Sheet Health
Financial Health criteria checks 4/6
Nova Empire has a total shareholder equity of THB2.4B and total debt of THB443.2M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are THB5.5B and THB3.1B respectively.
Key information
18.2%
Debt to equity ratio
฿443.20m
Debt
Interest coverage ratio | n/a |
Cash | ฿204.26m |
Equity | ฿2.44b |
Total liabilities | ฿3.09b |
Total assets | ฿5.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVA-R's short term assets (THB5.1B) exceed its short term liabilities (THB3.0B).
Long Term Liabilities: NOVA-R's short term assets (THB5.1B) exceed its long term liabilities (THB125.8M).
Debt to Equity History and Analysis
Debt Level: NOVA-R's net debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: NOVA-R's debt to equity ratio has increased from 9% to 18.2% over the past 5 years.
Debt Coverage: NOVA-R's debt is well covered by operating cash flow (166.2%).
Interest Coverage: Insufficient data to determine if NOVA-R's interest payments on its debt are well covered by EBIT.