Vita Life Sciences Financial Health
How is Vita Life Sciences's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: VLS's short term assets (A$39.1M) exceed its short term liabilities (A$15.3M).
Long Term Liabilities: VLS's short term assets (A$39.1M) exceed its long term liabilities (A$474.0K).
Debt to Equity History and Analysis
Debt Level: VLS is debt free.
Reducing Debt: VLS has no debt compared to 5 years ago when its debt to equity ratio was 9.9%.
Debt Coverage: VLS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VLS has no debt, therefore coverage of interest payments is not a concern.