Nova Leap Health Balance Sheet Health
Financial Health criteria checks 6/6
Nova Leap Health has a total shareholder equity of $18.3M and total debt of $169.0K, 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 $960.8K making its interest coverage ratio 10.1. It has cash and short-term investments of $1.2M.
Key information
0.9%
Debt to equity ratio
US$168.97k
Debt
| Interest coverage ratio | 10.1x |
| Cash | US$1.17m |
| Equity | US$18.33m |
| Total liabilities | US$2.65m |
| Total assets | US$20.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVLP.F's short term assets ($3.1M) exceed its short term liabilities ($1.8M).
Long Term Liabilities: NVLP.F's short term assets ($3.1M) exceed its long term liabilities ($819.8K).
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 63% to 0.9% over the past 5 years.
Debt Coverage: NVLP.F's debt is well covered by operating cash flow (1158.6%).
Interest Coverage: NVLP.F's interest payments on its debt are well covered by EBIT (10.1x coverage).