Nova Leap Health (Nova Leap Health) Cash-to-Debt : 0.52 (As of Sep. 2023)

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What is Nova Leap Health Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Nova Leap Health's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.52.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nova Leap Health couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Nova Leap Health's Cash-to-Debt or its related term are showing as below:

NVLPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.41 Max: No Debt
Current: 0.52

During the past 7 years, Nova Leap Health's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 0.41.

NVLPF's Cash-to-Debt is ranked worse than
54.96% of 655 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs NVLPF: 0.52

Nova Leap Health Cash-to-Debt Historical Data

The historical data trend for Nova Leap Health's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Nova Leap Health Cash-to-Debt Chart

Nova Leap Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.28

0.29

0.45

0.28

0.32

Nova Leap Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.32	0.26	0.35	0.52

Competitive Comparison of Nova Leap Health's Cash-to-Debt

For the Medical Care Facilities subindustry, Nova Leap Health's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nova Leap Health's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nova Leap Health's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nova Leap Health's Cash-to-Debt falls into.

Nova Leap Health Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Nova Leap Health's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.273	/	(2.689	+	1.278)
	=	0.32

Nova Leap Health's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.107	/	(1.076	+	1.063)
	=	0.52

Nova Leap Health (OTCPK:NVLPF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Nova Leap Health Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Nova Leap Health's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Nova Leap Health (Nova Leap Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (OTCPK:NVLPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NLH:Canada

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.