Nova Leap Health Balance Sheet Health
Financial Health criteria checks 6/6
Nova Leap Health has a total shareholder equity of $18.4M and total debt of $172.6K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are $21.0M and $2.7M respectively. Nova Leap Health's EBIT is $960.4K making its interest coverage ratio 12.9. It has cash and short-term investments of $1.4M.
Key information
0.9%
Debt to equity ratio
US$172.59k
Debt
| Interest coverage ratio | 12.9x |
| Cash | US$1.36m |
| Equity | US$18.39m |
| Total liabilities | US$2.65m |
| Total assets | US$21.04m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVLP.F's short term assets ($3.3M) exceed its short term liabilities ($1.9M).
Long Term Liabilities: NVLP.F's short term assets ($3.3M) exceed its long term liabilities ($754.3K).
Debt to Equity History and Analysis
Debt Level: NVLP.F has more cash than its total debt.
Reducing Debt: NVLP.F's debt to equity ratio has reduced from 60.5% to 0.9% 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: Whilst unprofitable NVLP.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NVLP.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.1% per year.