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Vango Mining Balance Sheet Health
Financial Health criteria checks 2/6
Key information
3.7%
Debt to equity ratio
AU$1.60m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$26.00k |
| Equity | AU$42.96m |
| Total liabilities | AU$8.03m |
| Total assets | AU$50.99m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VAN's short term assets (A$281.1K) do not cover its short term liabilities (A$4.4M).
Long Term Liabilities: VAN's short term assets (A$281.1K) do not cover its long term liabilities (A$3.6M).
Debt to Equity History and Analysis
Debt Level: VAN's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: VAN's debt to equity ratio has reduced from 147.6% to 3.7% 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: VAN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VAN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.8% each year