Nova Eye Medical Balance Sheet Health
Financial Health criteria checks 4/6
Nova Eye Medical has a total shareholder equity of A$24.9M and total debt of A$1.8M, which brings its debt-to-equity ratio to 7.3%. Its total assets and total liabilities are A$31.1M and A$6.2M respectively.
Key information
7.3%
Debt to equity ratio
AU$1.82m
Debt
Interest coverage ratio | n/a |
Cash | AU$2.64m |
Equity | AU$24.85m |
Total liabilities | AU$6.22m |
Total assets | AU$31.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ELXM.F's short term assets (A$10.1M) exceed its short term liabilities (A$4.0M).
Long Term Liabilities: ELXM.F's short term assets (A$10.1M) exceed its long term liabilities (A$2.2M).
Debt to Equity History and Analysis
Debt Level: ELXM.F has more cash than its total debt.
Reducing Debt: ELXM.F's debt to equity ratio has reduced from 11.8% to 7.3% 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: ELXM.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ELXM.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 1.5% each year