Volt Resources Balance Sheet Health
Financial Health criteria checks 5/6
Volt Resources has a total shareholder equity of A$19.6M and total debt of A$185.0K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are A$26.2M and A$6.5M respectively.
Key information
0.9%
Debt to equity ratio
AU$184.97k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$84.63k |
| Equity | AU$19.64m |
| Total liabilities | AU$6.55m |
| Total assets | AU$26.19m |
Financial Position Analysis
Short Term Liabilities: VRC's short term assets (A$133.0K) do not cover its short term liabilities (A$6.5M).
Long Term Liabilities: VRC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VRC's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: VRC's debt to equity ratio has reduced from 12.2% to 0.9% 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: VRC has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VRC is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.