VIP Gloves Balance Sheet Health
Financial Health criteria checks 3/6
VIP Gloves has a total shareholder equity of A$13.2M and total debt of A$1.6M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are A$21.2M and A$8.0M respectively.
Key information
12.1%
Debt to equity ratio
AU$1.59m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$858.00k |
| Equity | AU$13.17m |
| Total liabilities | AU$7.98m |
| Total assets | AU$21.15m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VIP's short term assets (A$4.1M) do not cover its short term liabilities (A$6.5M).
Long Term Liabilities: VIP's short term assets (A$4.1M) exceed its long term liabilities (A$1.4M).
Debt to Equity History and Analysis
Debt Level: VIP's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: VIP's debt to equity ratio has reduced from 97% to 12.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if VIP has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if VIP has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.