Nova Balance Sheet Health
Financial Health criteria checks 5/6
Nova has a total shareholder equity of $907.3M and total debt of $198.6M, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are $1.3B and $426.1M respectively. Nova's EBIT is $165.7M making its interest coverage ratio -5.3. It has cash and short-term investments of $601.1M.
Key information
21.9%
Debt to equity ratio
US$198.65m
Debt
| Interest coverage ratio | -5.3x |
| Cash | US$601.10m |
| Equity | US$907.32m |
| Total liabilities | US$426.11m |
| Total assets | US$1.33b |
Recent financial health updates
Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?
Jun 13
Is Nova (NASDAQ:NVMI) Using Too Much Debt?
Feb 14Recent updates
Are Nova Ltd. (NASDAQ:NVMI) Investors Paying Above The Intrinsic Value?
Dec 19Nova: A New Trend May Have Presented Itself
Nov 19Shareholders Should Be Pleased With Nova Ltd.'s (NASDAQ:NVMI) Price
Nov 04When Should You Buy Nova Ltd. (NASDAQ:NVMI)?
Oct 17Is Nova Ltd. (NASDAQ:NVMI) Worth US$189 Based On Its Intrinsic Value?
Sep 17Nova: The Correlation With The Leading AI Play Is Starting To Weigh Heavy
Sep 08Returns At Nova (NASDAQ:NVMI) Appear To Be Weighed Down
Sep 04Nova Ltd. (NASDAQ:NVMI) Shares May Have Slumped 28% But Getting In Cheap Is Still Unlikely
Aug 03At US$236, Is Nova Ltd. (NASDAQ:NVMI) Worth Looking At Closely?
Jul 15Nova: Continued Excellence Driving Share Gains
Jun 20Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?
Jun 13Optimistic Investors Push Nova Ltd. (NASDAQ:NVMI) Shares Up 26% But Growth Is Lacking
May 29Here's What To Make Of Nova's (NASDAQ:NVMI) Decelerating Rates Of Return
May 25Is It Time To Consider Buying Nova Ltd. (NASDAQ:NVMI)?
Apr 06Nova: Could Be Getting Too Hot To Handle
Mar 12What Nova Ltd.'s (NASDAQ:NVMI) 27% Share Price Gain Is Not Telling You
Mar 02Is Nova (NASDAQ:NVMI) Using Too Much Debt?
Feb 14Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement
Jan 14Nova Ltd.'s (NASDAQ:NVMI) Business Is Yet to Catch Up With Its Share Price
Dec 29Financial Position Analysis
Short Term Liabilities: NVMI's short term assets ($895.9M) exceed its short term liabilities ($367.6M).
Long Term Liabilities: NVMI's short term assets ($895.9M) exceed its long term liabilities ($58.6M).
Debt to Equity History and Analysis
Debt Level: NVMI has more cash than its total debt.
Reducing Debt: NVMI's debt to equity ratio has increased from 0% to 21.9% over the past 5 years.
Debt Coverage: NVMI's debt is well covered by operating cash flow (98.8%).
Interest Coverage: NVMI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 22:33 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nova Ltd. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Miller | Benchmark Company |
| Vivek Arya | BofA Global Research |
| Jonathan Dorsheimer | Canaccord Genuity |