Nova Balance Sheet Health
Financial Health criteria checks 5/6
Nova has a total shareholder equity of $842.6M and total debt of $198.3M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $1.2B and $404.4M respectively. Nova's EBIT is $150.6M making its interest coverage ratio -6. It has cash and short-term investments of $537.8M.
Key information
23.5%
Debt to equity ratio
US$198.32m
Debt
| Interest coverage ratio | -6x |
| Cash | US$537.84m |
| Equity | US$842.61m |
| Total liabilities | US$404.39m |
| Total assets | US$1.25b |
Recent financial health updates
Does Nova (NASDAQ:NVMI) Have A Healthy Balance Sheet?
Jun 13
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 21Recent updates
Is 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 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 07Financial Position Analysis
Short Term Liabilities: NVMI's short term assets ($802.6M) exceed its short term liabilities ($346.4M).
Long Term Liabilities: NVMI's short term assets ($802.6M) exceed its long term liabilities ($58.0M).
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 23.5% over the past 5 years.
Debt Coverage: NVMI's debt is well covered by operating cash flow (98.9%).
Interest Coverage: NVMI earns more interest than it pays, so coverage of interest payments is not a concern.