Novoray

Novoray FCF/Debt

The Free Cash Flow to Debt Ratio of Novoray (688300.SS) as of Oct 23, 2026 is 136.54 %. In the previous year, Free Cash Flow to Debt Ratio was 167.34 % — a change of -18.41% (lower).

FCF/Debt

136.54 %

YoY

-18.41%

Last updated:

Free Cash Flow to Debt Ratio of Novoray is 2024 136.54 % . Free Cash Flow to Debt Ratio of Novoray was 2023 167.34 % . It decreases by -18.41% lower compared to the previous year.

The Novoray FCF/Debt history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

FCF/Debt
Date
FCF/Debt
Jan 1, 2017
-34.87 CNY
Jan 1, 2018
109.36 CNY
Jan 1, 2019
81.45 CNY
Jan 1, 2020
-178.94 CNY
Jan 1, 2021
-7,622.64 CNY
Jan 1, 2022
277.71 CNY
Jan 1, 2023
167.34 CNY
Jan 1, 2024
136.54 CNY
The Novoray FCF/Debt history
YEARFCF/DebtYoY
136.54 %-18.41%
167.34 %-39.74%
277.71 %-103.64%
-7,622.64 %+4,159.94%
-178.94 %-319.69%
81.45 %-25.52%
109.36 %-413.60%
-34.87 %-176.81%
45.40 %-2,859.41%
-1.65 %-104.91%
33.49 %—

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Novoray Stock analysis

What does Novoray do? Novoray Corp. generates revenue through the research, development, and sale of silica powder materials. The company produces micron-level and sub-micron-level angular powders, micron-level spherical inorganic powders processed by flame fusion, sub-micron-level spherical particles using high-temperature oxidation and liquid phase methods, ultrafine particles with surface treatment, functional particles, and slurry products. These products are sold to industries requiring epoxy molding materials (EMC), liquid molding materials (LMC), underfill materials, copper clad laminates (CCL), laminated adhesive films, thermal interface materials (TIM), and adhesives for new energy vehicle batteries and solar photovoltaic cells. The primary customers include manufacturers of electronic components and materials for the semiconductor and renewable energy sectors. The firm's product portfolio targets specific applications in chip packaging, electronic circuits, and thermal management solutions. Customers in the semiconductor industry purchase EMC, LMC, and Underfill materials, while those in renewable energy sources utilize TIM and structural adhesives for solar cells. The company's focus on specialized silica powders for high-performance materials ensures steady demand from technology-driven markets. Novoray Corp. serves industrial segments where precision and material performance are critical, such as semiconductor manufacturing and renewable energy production. Its products enable enhanced thermal conductivity and structural integrity in electronic devices and energy systems. By addressing niche requirements in these sectors, the company secures contracts with established manufacturers in both electronics and clean energy fields. Novoray is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Novoray stock

Free Cash Flow to Debt Ratio of Novoray is 136.54 % in 2024.

Free Cash Flow to Debt Ratio of Novoray changed from 167.34 % to 136.54 %, representing a -18.41% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Free Cash Flow to Debt Ratio Novoray since 2006 – with annual values, charts, and detailed analysis.

FCF/Debt measures the percentage of total debt that could be repaid from free cash flow. It is a stricter measure than OCF/Debt as it accounts for capital expenditures.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Free Cash Flow to Debt Ratio's Novoray with sector peers and the industry average to assess whether it is attractive.

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