Nova Empire Balance Sheet Health
Financial Health criteria checks 6/6
Nova Empire has a total shareholder equity of THB1.9B and total debt of THB27.3M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are THB2.1B and THB176.8M respectively.
Key information
1.4%
Debt to equity ratio
฿27.31m
Debt
| Interest coverage ratio | n/a |
| Cash | ฿1.27b |
| Equity | ฿1.92b |
| Total liabilities | ฿176.84m |
| Total assets | ฿2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVA's short term assets (THB1.3B) exceed its short term liabilities (THB54.0M).
Long Term Liabilities: NOVA's short term assets (THB1.3B) exceed its long term liabilities (THB122.8M).
Debt to Equity History and Analysis
Debt Level: NOVA has more cash than its total debt.
Reducing Debt: NOVA's debt to equity ratio has reduced from 10.8% to 1.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NOVA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOVA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 53% per year.