Variscan Mines Balance Sheet Health
Financial Health criteria checks 4/6
Variscan Mines has a total shareholder equity of A$9.3M and total debt of A$100.0K, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are A$9.8M and A$509.6K respectively.
Key information
1.1%
Debt to equity ratio
AU$100.00k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$250.26k |
| Equity | AU$9.32m |
| Total liabilities | AU$509.62k |
| Total assets | AU$9.83m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VAR's short term assets (A$373.0K) do not cover its short term liabilities (A$509.6K).
Long Term Liabilities: VAR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VAR has more cash than its total debt.
Reducing Debt: VAR's debt to equity ratio has increased from 0% to 1.1% 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: VAR has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VAR is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.