Nova Balance Sheet Health

Financial Health criteria checks 5/6

Nova has a total shareholder equity of $750.8M and total debt of $197.7M, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are $1.1B and $383.1M respectively. Nova's EBIT is $132.3M making its interest coverage ratio -6.2. It has cash and short-term investments of $443.7M.

Key information

26.3%

Debt to equity ratio

US$197.68m

Debt

Interest coverage ratio-6.2x
CashUS$443.68m
EquityUS$750.75m
Total liabilitiesUS$383.06m
Total assetsUS$1.13b

Recent financial health updates

Recent updates

Nova: Could Be Getting Too Hot To Handle

Mar 12

What Nova Ltd.'s (NASDAQ:NVMI) 27% Share Price Gain Is Not Telling You

Mar 02
What Nova Ltd.'s (NASDAQ:NVMI) 27% Share Price Gain Is Not Telling You

Is Nova (NASDAQ:NVMI) Using Too Much Debt?

Feb 14
Is Nova (NASDAQ:NVMI) Using Too Much Debt?

Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement

Jan 14
Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement

Nova Ltd.'s (NASDAQ:NVMI) Business Is Yet to Catch Up With Its Share Price

Dec 29
Nova Ltd.'s (NASDAQ:NVMI) Business Is Yet to Catch Up With Its Share Price

When Should You Buy Nova Ltd. (NASDAQ:NVMI)?

Dec 14
When Should You Buy Nova Ltd. (NASDAQ:NVMI)?

Nova (NASDAQ:NVMI) Has A Rock Solid Balance Sheet

Nov 06
Nova (NASDAQ:NVMI) Has A Rock Solid Balance Sheet

Here's What Nova's (NASDAQ:NVMI) Strong Returns On Capital Mean

Oct 06
Here's What Nova's (NASDAQ:NVMI) Strong Returns On Capital Mean

At US$128, Is Nova Ltd. (NASDAQ:NVMI) Worth Looking At Closely?

Sep 03
At US$128, Is Nova Ltd. (NASDAQ:NVMI) Worth Looking At Closely?

Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly

Jul 31
Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly

Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around

Jun 30
Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around

When Should You Buy Nova Ltd. (NASDAQ:NVMI)?

May 31
When Should You Buy Nova Ltd. (NASDAQ:NVMI)?

Nova (NASDAQ:NVMI) Could Easily Take On More Debt

Apr 29
Nova (NASDAQ:NVMI) Could Easily Take On More Debt

Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around

Mar 25
Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around

Why Nova Ltd. (NASDAQ:NVMI) Could Be Worth Watching

Feb 22
Why Nova Ltd. (NASDAQ:NVMI) Could Be Worth Watching

Is Nova (NASDAQ:NVMI) Using Too Much Debt?

Jan 21
Is Nova (NASDAQ:NVMI) Using Too Much Debt?

Nova (NASDAQ:NVMI) Will Want To Turn Around Its Return Trends

Dec 21
Nova (NASDAQ:NVMI) Will Want To Turn Around Its Return Trends

Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly

Oct 09
Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly

Does This Valuation Of Nova Ltd. (NASDAQ:NVMI) Imply Investors Are Overpaying?

Sep 11
Does This Valuation Of Nova Ltd. (NASDAQ:NVMI) Imply Investors Are Overpaying?

Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement

Aug 27
Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement

Nova Ltd. Or Caterpillar: Best Machinery Near-Term Capital Gain Prospect

Aug 26

Is Now The Time To Look At Buying Nova Ltd. (NASDAQ:NVMI)?

Aug 10
Is Now The Time To Look At Buying Nova Ltd. (NASDAQ:NVMI)?

Nova Measuring Instruments Non-GAAP EPS of $1.24 beats by $0.05, revenue of $141.63M beats by $4.67M

Aug 04

NOVA VERAFLEX multiple tools purchased by a leading analog manufacturer

Jul 07

We Think Nova (NASDAQ:NVMI) Can Manage Its Debt With Ease

Jun 28
We Think Nova (NASDAQ:NVMI) Can Manage Its Debt With Ease

Nova: Now Is Not The Time

Jun 17

Calculating The Fair Value Of Nova Ltd. (NASDAQ:NVMI)

Jun 01
Calculating The Fair Value Of Nova Ltd. (NASDAQ:NVMI)

Why We Like The Returns At Nova (NASDAQ:NVMI)

May 18
Why We Like The Returns At Nova (NASDAQ:NVMI)

At US$105, Is It Time To Put Nova Ltd. (NASDAQ:NVMI) On Your Watch List?

May 05
At US$105, Is It Time To Put Nova Ltd. (NASDAQ:NVMI) On Your Watch List?

Nova (NASDAQ:NVMI) Could Easily Take On More Debt

Mar 18
Nova (NASDAQ:NVMI) Could Easily Take On More Debt

Nova Is Still Pointing Up

Feb 28

Returns on Capital Paint A Bright Future For Nova (NASDAQ:NVMI)

Feb 15
Returns on Capital Paint A Bright Future For Nova (NASDAQ:NVMI)

Should You Investigate Nova Ltd. (NASDAQ:NVMI) At US$116?

Feb 02
Should You Investigate Nova Ltd. (NASDAQ:NVMI) At US$116?

A Look At The Intrinsic Value Of Nova Ltd. (NASDAQ:NVMI)

Jan 07
A Look At The Intrinsic Value Of Nova Ltd. (NASDAQ:NVMI)

Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?

Dec 12
Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?

Nova Measuring Instruments: Lesser Known Semi Equipment Gem

Nov 19

Financial Position Analysis

Short Term Liabilities: NVMI's short term assets ($710.2M) exceed its short term liabilities ($322.8M).

Long Term Liabilities: NVMI's short term assets ($710.2M) exceed its long term liabilities ($60.2M).


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 26.3% over the past 5 years.

Debt Coverage: NVMI's debt is well covered by operating cash flow (62.5%).

Interest Coverage: NVMI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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