NOVA ROYALTY Total Debt vs. Debt to Equity

NOVRF -  USA Stock  

USD 2.19  0.03  1.35%

For NOVA ROYALTY profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NOVA ROYALTY to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NOVA ROYALTY CORP utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NOVA ROYALTY's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NOVA ROYALTY CORP over time as well as its relative position and ranking within its peers. Additionally, see Stocks Correlation.

NOVRF Current Profitability Trends 

 
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Is NOVA ROYALTY's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOVA ROYALTY. If investors know NOVRF will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOVA ROYALTY listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of NOVA ROYALTY CORP is measured differently than its book value, which is the value of NOVRF that is recorded on the company's balance sheet. Investors also form their own opinion of NOVA ROYALTY's value that differs from its market value or its book value, called intrinsic value, which is NOVA ROYALTY's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOVA ROYALTY's market value can be influenced by many factors that don't directly affect NOVA ROYALTY's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOVA ROYALTY's value and its price as these two are different measures arrived at by different means. Investors typically determine NOVA ROYALTY value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOVA ROYALTY's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NOVA ROYALTY CORP Debt to Equity vs. Total Debt Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining NOVA ROYALTY's current stock value. Our valuation model uses many indicators to compare NOVA ROYALTY value to that of its competitors to determine the firm's financial worth.
NOVA ROYALTY CORP is regarded fourth in total debt category among related companies. It is regarded fourth in debt to equity category among related companies . The ratio of Total Debt to Debt to Equity for NOVA ROYALTY CORP is about  67,101,449 . Comparative valuation analysis is a catch-all model that can be used if you cannot value NOVA ROYALTY by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NOVA ROYALTY's OTC Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NOVA ROYALTY's earnings, one of the primary drivers of an investment's value.

NOVRF Total Debt vs. Competition

NOVA ROYALTY CORP is regarded fourth in total debt category among related companies. Total debt of Other Industrial Metals & Mining industry is now estimated at about 70.08 Billion. NOVA ROYALTY adds roughly 4.63 Million in total debt claiming only tiny portion of all equities under Other Industrial Metals & Mining industry.
Total debt  Capitalization  Revenue  Workforce  Valuation

NOVRF Debt to Equity vs. Total Debt

Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
NOVA ROYALTY 
Total Debt 
 = 
Bonds 
+  
Notes 
4.63 M
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
NOVA ROYALTY 
D/E 
 = 
Total Debt 
Total Equity 
0.07 %
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.

NOVRF Debt to Equity Comparison

NOVA ROYALTY is currently under evaluation in debt to equity category among related companies.

NOVA ROYALTY Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in NOVA ROYALTY, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NOVA ROYALTY will eventually generate negative long term returns. The profitability progress is the general direction of NOVA ROYALTY's change in net profit over the period of time. It can combine multiple indicators of NOVA ROYALTY, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Nova Royalty Corp., a royalty company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. NOVA ROYALTY operates under Other Industrial Metals Mining classification in the United States and is traded on OTC Exchange.

NOVRF Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on NOVA ROYALTY. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NOVA ROYALTY position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NOVA ROYALTY's important profitability drivers and their relationship over time.

Use NOVA ROYALTY in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if NOVA ROYALTY position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in NOVA ROYALTY will appreciate offsetting losses from the drop in the long position's value.

NOVA ROYALTY Pair Trading

NOVA ROYALTY CORP Pair Trading Analysis

Correlation analysis and pair trading evaluation for NOVA ROYALTY and Bhp Billiton. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Use Investing Themes to Complement your NOVA ROYALTY position

In addition to having NOVA ROYALTY in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Climate Change Thematic Idea Now

Climate Change
Climate Change Theme
Large and medium sized entities that are committing to fully or partially replace some traditional services or products with renewables sources of energy in order to combat global climate change. Climate Change theme has 38 constituents.
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Additionally, see Stocks Correlation. Note that the NOVA ROYALTY CORP information on this page should be used as a complementary analysis to other NOVA ROYALTY's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try ETF Directory module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for NOVRF OTC Stock analysis

When running NOVA ROYALTY CORP price analysis, check to measure NOVA ROYALTY's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOVA ROYALTY is operating at the current time. Most of NOVA ROYALTY's value examination focuses on studying past and present price action to predict the probability of NOVA ROYALTY's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move NOVA ROYALTY's price. Additionally, you may evaluate how the addition of NOVA ROYALTY to your portfolios can decrease your overall portfolio volatility.
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To fully project NOVA ROYALTY's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of NOVA ROYALTY CORP at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include NOVA ROYALTY's income statement, its balance sheet, and the statement of cash flows.
Potential NOVA ROYALTY investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although NOVA ROYALTY investors may work on each financial statement separately, they are all related. The changes in NOVA ROYALTY's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NOVA ROYALTY's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.