Vanadium Resources Balance Sheet Health
Financial Health criteria checks 5/6
Vanadium Resources has a total shareholder equity of A$30.3M and total debt of A$161.2K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are A$31.1M and A$765.3K respectively.
Key information
0.5%
Debt to equity ratio
AU$161.16k
Debt
Interest coverage ratio | n/a |
Cash | AU$4.07m |
Equity | AU$30.33m |
Total liabilities | AU$765.31k |
Total assets | AU$31.10m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VR8's short term assets (A$4.2M) exceed its short term liabilities (A$765.3K).
Long Term Liabilities: VR8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VR8 has more cash than its total debt.
Reducing Debt: VR8's debt to equity ratio has increased from 0% to 0.5% 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: VR8 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: VR8 has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 1.7% each year.