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 ration/a
CashUS$1.50m
EquityUS$5.66m
Total liabilitiesUS$11.77k
Total assetsUS$5.68m

Recent financial health updates

Recent updates

Companies Like NeoVolta (NASDAQ:NEOV) Are In A Position To Invest In Growth

Jul 29
Companies Like NeoVolta (NASDAQ:NEOV) Are In A Position To Invest In Growth

Here's Why We're Not Too Worried About NeoVolta's (NASDAQ:NEOV) Cash Burn Situation

Apr 27
Here's Why We're Not Too Worried About NeoVolta's (NASDAQ:NEOV) Cash Burn Situation

We're Hopeful That NeoVolta (NASDAQ:NEOV) Will Use Its Cash Wisely

Dec 31
We're Hopeful That NeoVolta (NASDAQ:NEOV) Will Use Its Cash Wisely

NeoVolta Energy Storage Systems eligible for 30% in tax credits

Aug 23

Financial 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


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