Vonex Balance Sheet Health
Financial Health criteria checks 2/6
Vonex has a total shareholder equity of A$-3.7M and total debt of A$22.7M, which brings its debt-to-equity ratio to -616.5%. Its total assets and total liabilities are A$35.3M and A$39.0M respectively. Vonex's EBIT is A$1.9M making its interest coverage ratio 0.4. It has cash and short-term investments of A$2.9M.
Key information
-616.5%
Debt to equity ratio
AU$22.68m
Debt
| Interest coverage ratio | 0.4x |
| Cash | AU$2.93m |
| Equity | -AU$3.68m |
| Total liabilities | AU$39.00m |
| Total assets | AU$35.32m |
Recent financial health updates
Here's Why Vonex (ASX:VN8) Has A Meaningful Debt Burden
Sep 08
Vonex (ASX:VN8) Is Making Moderate Use Of Debt
May 11Recent updates
Sentiment Still Eluding Vonex Limited (ASX:VN8)
May 25Slammed 28% Vonex Limited (ASX:VN8) Screens Well Here But There Might Be A Catch
Feb 05Calculating The Fair Value Of Vonex Limited (ASX:VN8)
Dec 11Estimating The Fair Value Of Vonex Limited (ASX:VN8)
Sep 09Potential Upside For Vonex Limited (ASX:VN8) Not Without Risk
Jul 18Here's Why Vonex (ASX:VN8) Has A Meaningful Debt Burden
Sep 08Vonex (ASX:VN8) Is Making Moderate Use Of Debt
May 11Trade Alert: The Non-executive Director Of Vonex Limited (ASX:VN8), Jason Gomersall, Has Just Spent AU$51k Buying A Few More Shares
Mar 12Breakeven Is Near for Vonex Limited (ASX:VN8)
Jan 20
Financial Position Analysis
Short Term Liabilities: VN8 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VN8 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VN8 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VN8's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable VN8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VN8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/15 17:02 |
| End of Day Share Price | 2025/02/14 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Vonex Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Yarwood | PAC Partners Securities Pty. Ltd. |
| Alexander Smith | PAC Partners Securities Pty. Ltd. |