Nova LifeStyle Balance Sheet Health
Financial Health criteria checks 3/6
Nova LifeStyle has a total shareholder equity of $496.4K and total debt of $147.4K, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are $6.2M and $5.7M respectively.
Key information
29.7%
Debt to equity ratio
US$147.43k
Debt
| Interest coverage ratio | n/a |
| Cash | US$369.14k |
| Equity | US$496.35k |
| Total liabilities | US$5.74m |
| Total assets | US$6.24m |
Recent financial health updates
Recent updates
With A 28% Price Drop For Nova LifeStyle, Inc. (NASDAQ:NVFY) You'll Still Get What You Pay For
Feb 23
Nova LifeStyle, Inc.'s (NASDAQ:NVFY) Shares Not Telling The Full Story
Dec 20Nova Lifestyle reports Q2 results
Aug 12Shareholders Will Probably Be Cautious Of Increasing Nova LifeStyle, Inc.'s (NASDAQ:NVFY) CEO Compensation At The Moment
May 22Nova Lifestyle reports Q3 results
Nov 20Financial Position Analysis
Short Term Liabilities: NVFY's short term assets ($3.7M) exceed its short term liabilities ($3.7M).
Long Term Liabilities: NVFY's short term assets ($3.7M) exceed its long term liabilities ($2.1M).
Debt to Equity History and Analysis
Debt Level: NVFY has more cash than its total debt.
Reducing Debt: NVFY's debt to equity ratio has increased from 8.3% to 29.7% 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: NVFY has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: NVFY has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.8% each year