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 |
Cash | US$443.68m |
Equity | US$750.75m |
Total liabilities | US$383.06m |
Total assets | US$1.13b |
Recent financial health updates
Is Nova (NASDAQ:NVMI) Using Too Much Debt?
Feb 14Nova (NASDAQ:NVMI) Has A Rock Solid Balance Sheet
Nov 06Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly
Jul 31Nova (NASDAQ:NVMI) Could Easily Take On More Debt
Apr 29Is Nova (NASDAQ:NVMI) Using Too Much Debt?
Jan 21Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly
Oct 09Recent updates
Nova: 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 29When Should You Buy Nova Ltd. (NASDAQ:NVMI)?
Dec 14Nova (NASDAQ:NVMI) Has A Rock Solid Balance Sheet
Nov 06Here's What Nova's (NASDAQ:NVMI) Strong Returns On Capital Mean
Oct 06At US$128, Is Nova Ltd. (NASDAQ:NVMI) Worth Looking At Closely?
Sep 03Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly
Jul 31Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around
Jun 30When Should You Buy Nova Ltd. (NASDAQ:NVMI)?
May 31Nova (NASDAQ:NVMI) Could Easily Take On More Debt
Apr 29Nova (NASDAQ:NVMI) Will Be Hoping To Turn Its Returns On Capital Around
Mar 25Why Nova Ltd. (NASDAQ:NVMI) Could Be Worth Watching
Feb 22Is Nova (NASDAQ:NVMI) Using Too Much Debt?
Jan 21Nova (NASDAQ:NVMI) Will Want To Turn Around Its Return Trends
Dec 21Nova (NASDAQ:NVMI) Seems To Use Debt Rather Sparingly
Oct 09Does This Valuation Of Nova Ltd. (NASDAQ:NVMI) Imply Investors Are Overpaying?
Sep 11Slowing Rates Of Return At Nova (NASDAQ:NVMI) Leave Little Room For Excitement
Aug 27Nova Ltd. Or Caterpillar: Best Machinery Near-Term Capital Gain Prospect
Aug 26Is Now The Time To Look At Buying Nova Ltd. (NASDAQ:NVMI)?
Aug 10Nova Measuring Instruments Non-GAAP EPS of $1.24 beats by $0.05, revenue of $141.63M beats by $4.67M
Aug 04NOVA VERAFLEX multiple tools purchased by a leading analog manufacturer
Jul 07We Think Nova (NASDAQ:NVMI) Can Manage Its Debt With Ease
Jun 28Nova: Now Is Not The Time
Jun 17Calculating The Fair Value Of Nova Ltd. (NASDAQ:NVMI)
Jun 01Why We Like The Returns At Nova (NASDAQ:NVMI)
May 18At US$105, Is It Time To Put Nova Ltd. (NASDAQ:NVMI) On Your Watch List?
May 05Nova (NASDAQ:NVMI) Could Easily Take On More Debt
Mar 18Nova Is Still Pointing Up
Feb 28Returns on Capital Paint A Bright Future For Nova (NASDAQ:NVMI)
Feb 15Should You Investigate Nova Ltd. (NASDAQ:NVMI) At US$116?
Feb 02A Look At The Intrinsic Value Of Nova Ltd. (NASDAQ:NVMI)
Jan 07Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?
Dec 12Nova Measuring Instruments: Lesser Known Semi Equipment Gem
Nov 19Financial 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.