Neovasc Analysis
Neovasc holds a debt-to-equity ratio of 0.342. With a high degree of financial leverage come high-interest payments, which usually reduce Neovasc's Earnings Per Share (EPS).
Asset vs Debt
Equity vs Debt
Neovasc's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Neovasc's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Neovasc Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Neovasc's stakeholders.
For most companies, including Neovasc, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Neovasc, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Neovasc's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Given that Neovasc's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Neovasc is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Neovasc to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Neovasc is said to be less leveraged. If creditors hold a majority of Neovasc's assets, the Company is said to be highly leveraged.
Neovasc is undervalued with Real Value of 0.0 and Hype Value of 0.0. The main objective of Neovasc delisted stock analysis is to determine its intrinsic value, which is an estimate of what Neovasc is worth, separate from its market price. There are two main types of Neovasc's stock analysis: fundamental analysis and technical analysis.
The Neovasc stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Neovasc is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day ( substitute day ), Independence Day. Neovasc Stock trading window is adjusted to America/New York timezone.
Neovasc |
Neovasc Stock Analysis Notes
The company has price-to-book ratio of 1.0. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Neovasc recorded a loss per share of 15.07. The entity last dividend was issued on the 2nd of July 2019. The firm had 1:25 split on the 29th of April 2022. Neovasc Inc., a specialty medical device company, develops, manufactures, and markets products for cardiovascular marketplace in Europe and internationally. Neovasc Inc. was incorporated in 2000 and is headquartered in Richmond, Canada. Neovasc operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 49 people. To find out more about Neovasc contact Fredericus Colen at 604 270 4344 or learn more at https://www.neovasc.com.Neovasc Investment Alerts
| Neovasc is not yet fully synchronised with the market data | |
| Neovasc has some characteristics of a very speculative penny stock | |
| Neovasc has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 3.81 M. Net Loss for the year was (41.2 M) with loss before overhead, payroll, taxes, and interest of (7.08 M). | |
| Neovasc currently holds about 37.63 M in cash with (24.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 13.72. |
Neovasc Upcoming and Recent Events
Earnings reports are used by Neovasc to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
| 30th of March 2023 Upcoming Quarterly Report | View | |
| 11th of May 2023 Next Financial Report | View | |
| 31st of December 2022 Next Fiscal Quarter End | View | |
| 30th of March 2023 Next Fiscal Year End | View | |
| 30th of September 2022 Last Quarter Report | View | |
| 31st of December 2021 Last Financial Announcement | View |
Neovasc Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 83.59 M.Neovasc Outstanding Bonds
Neovasc issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Neovasc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Neovasc bonds can be classified according to their maturity, which is the date when Neovasc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Neovasc Debt to Cash Allocation
As Neovasc follows its natural business cycle, the capital allocation decisions will not magically go away. Neovasc's decision-makers have to determine if most of the cash flows will be poured back into or reinvested in the business, reserved for other projects beyond operational needs, or paid back to stakeholders and investors.
Neovasc currently holds 12.63 M in liabilities with Debt to Equity (D/E) ratio of 0.34, which is about average as compared to similar companies. Neovasc has a current ratio of 9.47, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Neovasc's use of debt, we should always consider it together with its cash and equity.Neovasc Assets Financed by Debt
Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Neovasc's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Neovasc, which in turn will lower the firm's financial flexibility.Neovasc Corporate Bonds Issued
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Other Consideration for investing in Neovasc Stock
If you are still planning to invest in Neovasc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neovasc's history and understand the potential risks before investing.
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