Nova Net Lease REIT Balance Sheet Health
Financial Health criteria checks 1/6
Nova Net Lease REIT has a total shareholder equity of $12.5M and total debt of $1.9M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are $15.8M and $3.3M respectively. Nova Net Lease REIT's EBIT is $99.6K making its interest coverage ratio 1. It has cash and short-term investments of $194.9K.
Key information
15.4%
Debt to equity ratio
US$1.93m
Debt
| Interest coverage ratio | 1x |
| Cash | US$194.94k |
| Equity | US$12.51m |
| Total liabilities | US$3.30m |
| Total assets | US$15.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NNLR.F's short term assets ($1.2M) do not cover its short term liabilities ($1.4M).
Long Term Liabilities: NNLR.F's short term assets ($1.2M) do not cover its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: NNLR.F's net debt to equity ratio (13.8%) 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: NNLR.F's interest payments on its debt are not well covered by EBIT (1x coverage).