Venus Metals Balance Sheet Health
Financial Health criteria checks 6/6
Venus Metals has a total shareholder equity of A$20.1M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$20.7M and A$551.1K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$18.84m |
Equity | AU$20.10m |
Total liabilities | AU$551.08k |
Total assets | AU$20.65m |
Recent financial health updates
Here's Why Venus Metals (ASX:VMC) Can Afford Some Debt
Oct 13Is Venus Metals (ASX:VMC) Using Debt Sensibly?
Apr 28Is Venus Metals (ASX:VMC) Using Debt In A Risky Way?
Oct 24Recent updates
Financial Position Analysis
Short Term Liabilities: VMC's short term assets (A$19.2M) exceed its short term liabilities (A$512.4K).
Long Term Liabilities: VMC's short term assets (A$19.2M) exceed its long term liabilities (A$38.7K).
Debt to Equity History and Analysis
Debt Level: VMC is debt free.
Reducing Debt: VMC has no debt compared to 5 years ago when its debt to equity ratio was 31.1%.
Debt Coverage: VMC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VMC has no debt, therefore coverage of interest payments is not a concern.