Vection Technologies Balance Sheet Health
Financial Health criteria checks 1/6
Vection Technologies has a total shareholder equity of A$11.0M and total debt of A$9.7M, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are A$40.1M and A$29.1M respectively.
Key information
88.7%
Debt to equity ratio
AU$9.72m
Debt
Interest coverage ratio | n/a |
Cash | AU$5.19m |
Equity | AU$10.95m |
Total liabilities | AU$29.13m |
Total assets | AU$40.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VR1's short term assets (A$17.8M) do not cover its short term liabilities (A$19.8M).
Long Term Liabilities: VR1's short term assets (A$17.8M) exceed its long term liabilities (A$9.3M).
Debt to Equity History and Analysis
Debt Level: VR1's net debt to equity ratio (41.3%) is considered high.
Reducing Debt: VR1's debt to equity ratio has increased from 51.3% to 88.7% 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: VR1 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VR1 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 41.9% each year