NeoVolta Balance Sheet Health
Financial Health criteria checks 4/6
NeoVolta has a total shareholder equity of $5.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $5.7M and $11.8K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$1.50m |
Equity | US$5.66m |
Total liabilities | US$11.77k |
Total assets | US$5.68m |
Recent financial health 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 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 ($5.7M) exceed its short term liabilities ($11.8K).
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 2.6%.
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 reduce at historical rates of 3.3% each year