NovoCure Balance Sheet Health
Financial Health criteria checks 4/6
NovoCure has a total shareholder equity of $360.8M and total debt of $654.5M, which brings its debt-to-equity ratio to 181.4%. Its total assets and total liabilities are $1.2B and $861.2M respectively.
Key information
181.4%
Debt to equity ratio
US$654.48m
Debt
| Interest coverage ratio | n/a |
| Cash | US$959.90m |
| Equity | US$360.78m |
| Total liabilities | US$861.21m |
| Total assets | US$1.22b |
Recent financial health updates
Is NovoCure (NASDAQ:NVCR) A Risky Investment?
Oct 17
NovoCure (NASDAQ:NVCR) Has Debt But No Earnings; Should You Worry?
Apr 08Does NovoCure (NASDAQ:NVCR) Have A Healthy Balance Sheet?
Nov 16Is NovoCure (NASDAQ:NVCR) Weighed On By Its Debt Load?
Aug 13Is NovoCure (NASDAQ:NVCR) A Risky Investment?
May 15Does NovoCure (NASDAQ:NVCR) Have A Healthy Balance Sheet?
Jan 16Recent updates
Analyst Estimates: Here's What Brokers Think Of NovoCure Limited (NASDAQ:NVCR) After Its Third-Quarter Report
Nov 01Is NovoCure (NASDAQ:NVCR) A Risky Investment?
Oct 17NovoCure: There Is Still More Upside
Oct 16NovoCure's Stock Stagnates Amid Lack Of Progress Beyond GBM
Oct 09Investors Appear Satisfied With NovoCure Limited's (NASDAQ:NVCR) Prospects
Sep 12NovoCure Limited: A Post Q2 Analysis
Jul 26NovoCure Limited Q1 Earnings: Core Business Accelerating
May 03NovoCure (NASDAQ:NVCR) Has Debt But No Earnings; Should You Worry?
Apr 08NovoCure: Sell The METIS-Inspired Rally
Mar 28Some Shareholders Feeling Restless Over NovoCure Limited's (NASDAQ:NVCR) P/S Ratio
Mar 03NovoCure: Stay Cautious Amid Positive Signs
Jan 19Does NovoCure (NASDAQ:NVCR) Have A Healthy Balance Sheet?
Nov 16Is NovoCure (NASDAQ:NVCR) Weighed On By Its Debt Load?
Aug 13Is NovoCure (NASDAQ:NVCR) A Risky Investment?
May 15A Look At The Intrinsic Value Of NovoCure Limited (NASDAQ:NVCR)
Apr 24Why NovoCure Limited (NASDAQ:NVCR) Could Be Worth Watching
Feb 10Does NovoCure (NASDAQ:NVCR) Have A Healthy Balance Sheet?
Jan 16Financial Position Analysis
Short Term Liabilities: NVCR's short term assets ($1.1B) exceed its short term liabilities ($735.0M).
Long Term Liabilities: NVCR's short term assets ($1.1B) exceed its long term liabilities ($126.2M).
Debt to Equity History and Analysis
Debt Level: NVCR has more cash than its total debt.
Reducing Debt: NVCR's debt to equity ratio has increased from 78.5% to 181.4% 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: NVCR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NVCR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.