Nova Net Lease REIT Balance Sheet Health
Financial Health criteria checks 1/6
Nova Net Lease REIT has a total shareholder equity of $12.0M and total debt of $1.9M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are $15.4M and $3.4M respectively.
Key information
16.1%
Debt to equity ratio
US$1.93m
Debt
| Interest coverage ratio | n/a |
| Cash | US$75.85k |
| Equity | US$12.03m |
| Total liabilities | US$3.40m |
| Total assets | US$15.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNLR.F's short term assets ($943.0K) do not cover its short term liabilities ($1.4M).
Long Term Liabilities: NNLR.F's short term assets ($943.0K) do not cover its long term liabilities ($2.0M).
Debt to Equity History and Analysis
Debt Level: NNLR.F's net debt to equity ratio (15.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if NNLR.F's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NNLR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if NNLR.F's interest payments on its debt are well covered by EBIT.