Nova Vision Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Nova Vision Acquisition has a total shareholder equity of $-3.4M and total debt of $2.5M, which brings its debt-to-equity ratio to -71.9%. Its total assets and total liabilities are $18.3M and $21.8M respectively.
Key information
-71.9%
Debt to equity ratio
US$2.48m
Debt
Interest coverage ratio | n/a |
Cash | US$12.93k |
Equity | -US$3.44m |
Total liabilities | US$21.78m |
Total assets | US$18.33m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NOVV.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: NOVV.U has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: NOVV.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: NOVV.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: NOVV.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NOVV.U's interest payments on its debt are well covered by EBIT.