Nova Minerals Balance Sheet Health
Financial Health criteria checks 2/6
Nova Minerals has a total shareholder equity of A$102.7M and total debt of A$6.7M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are A$110.7M and A$7.9M respectively.
Key information
6.5%
Debt to equity ratio
AU$6.69m
Debt
Interest coverage ratio | n/a |
Cash | AU$6.23m |
Equity | AU$102.75m |
Total liabilities | AU$7.95m |
Total assets | AU$110.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NVA's short term assets (A$6.6M) do not cover its short term liabilities (A$7.9M).
Long Term Liabilities: NVA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: NVA's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: NVA's debt to equity ratio has increased from 0% to 6.5% over the past 5 years.
Debt Coverage: NVA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NVA's interest payments on its debt are well covered by EBIT.