Nova Leap Health (TSXV:NLH) Total Assets : C$28.16 Mil (As of Mar. 2024)

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What is Nova Leap Health Total Assets?

Nova Leap Health's Total Assets for the quarter that ended in Mar. 2024 was C$28.16 Mil.

Warning Sign:

If a company builds assets at 45.9% a year, faster than its revenue growth rate of 33.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Nova Leap Health's average Total Assets Growth Rate was -13.50% per year. During the past 3 years, the average Total Assets Growth Rate was 23.30% per year. During the past 5 years, the average Total Assets Growth Rate was 45.90% per year.

During the past 7 years, Nova Leap Health's highest 3-Year average Total Assets Growth Rate was 269.80%. The lowest was 23.30%. And the median was 51.75%.

Total Assets is connected with ROA %. Nova Leap Health's annualized ROA % for the quarter that ended in Mar. 2024 was 8.83%. Total Assets is also linked to Revenue through Asset Turnover. Nova Leap Health's Asset Turnover for the quarter that ended in Mar. 2024 was 0.30.

Nova Leap Health Total Assets Historical Data

The historical data trend for Nova Leap Health's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nova Leap Health Total Assets Chart

Nova Leap Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Total Assets

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16.74

18.59

22.46

34.26

32.54

Nova Leap Health Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Assets	Get a 7-Day Free Trial															32.54	31.71	29.74	29.85	28.16

Nova Leap Health Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Nova Leap Health's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets	=	Total Equity (A: Dec. 2022 )	+	Total Liabilities (A: Dec. 2022 )
	=	25.379	+	7.155
	=	32.53

Nova Leap Health's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	24.715	+	3.449
	=	28.16

Nova Leap Health (TSXV:NLH) Total Assets Explanation

Total Assets is connected with ROA %.

Nova Leap Health's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	2.56	/	( (29.849	+	28.164)	/ 2 )
	=	2.56	/	29.0065
	=	8.83 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nova Leap Health's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	8.704	/	( (29.849	+	28.164)	/ 2 )
=	8.704	/	29.0065
=	0.30

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Nova Leap Health Total Assets Related Terms

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Nova Leap Health (TSXV:NLH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (TSXV:NLH) » Definitions » Total Assets

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Traded in Other Exchanges

NVLPF:USA

Address

7071 Bayers Road, Suite 3006, Halifax, NS, CAN, B3L 2C2

Website

https://www.novaleaphealth.com

Nova Leap Health Corp operates in the healthcare industry. The company is a provider of personal home care and support services. The principal business activities of the company and its subsidiaries are to provide skilled and non-medical home care to clients. Its service offering includes meal preparation, housekeeping, transportation, personal care, and medication reminders. Its segments comprise Canadian and U.S operations. The company derives a majority of its revenue from the United States.

Executives

Christopher Donald Dobbin

Director, Senior Officer

Nova Leap Health (TSXV:NLH) Headlines

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