NeoVolta Balance Sheet Health
Financial Health criteria checks 4/6
NeoVolta has a total shareholder equity of $3.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $4.2M and $253.8K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$393.40k |
| Equity | US$3.90m |
| Total liabilities | US$253.78k |
| Total assets | US$4.15m |
Recent financial health updates
Companies Like NeoVolta (NASDAQ:NEOV) Are In A Position To Invest In Growth
Jul 29
Here's Why We're Not Too Worried About NeoVolta's (NASDAQ:NEOV) Cash Burn Situation
Apr 27We're Hopeful That NeoVolta (NASDAQ:NEOV) Will Use Its Cash Wisely
Dec 31Recent updates
Companies Like NeoVolta (NASDAQ:NEOV) Are In A Position To Invest In Growth
Jul 29Here's Why We're Not Too Worried About NeoVolta's (NASDAQ:NEOV) Cash Burn Situation
Apr 27We're Hopeful That NeoVolta (NASDAQ:NEOV) Will Use Its Cash Wisely
Dec 31NeoVolta Energy Storage Systems eligible for 30% in tax credits
Aug 23Financial Position Analysis
Short Term Liabilities: NEOV's short term assets ($4.2M) exceed its short term liabilities ($253.8K).
Long Term Liabilities: NEOV has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NEOV is debt free.
Reducing Debt: NEOV has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.
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: NEOV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NEOV has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.3% each year.