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 ratio0.4x
CashAU$2.93m
Equity-AU$3.68m
Total liabilitiesAU$39.00m
Total assetsAU$35.32m

Recent financial health updates

Recent updates

Sentiment Still Eluding Vonex Limited (ASX:VN8)

May 25
Sentiment Still Eluding Vonex Limited (ASX:VN8)

Slammed 28% Vonex Limited (ASX:VN8) Screens Well Here But There Might Be A Catch

Feb 05
Slammed 28% Vonex Limited (ASX:VN8) Screens Well Here But There Might Be A Catch

Calculating The Fair Value Of Vonex Limited (ASX:VN8)

Dec 11
Calculating The Fair Value Of Vonex Limited (ASX:VN8)

Estimating The Fair Value Of Vonex Limited (ASX:VN8)

Sep 09
Estimating The Fair Value Of Vonex Limited (ASX:VN8)

Potential Upside For Vonex Limited (ASX:VN8) Not Without Risk

Jul 18
Potential Upside For Vonex Limited (ASX:VN8) Not Without Risk

Here's Why Vonex (ASX:VN8) Has A Meaningful Debt Burden

Sep 08
Here's Why Vonex (ASX:VN8) Has A Meaningful Debt Burden

Vonex (ASX:VN8) Is Making Moderate Use Of Debt

May 11
Vonex (ASX:VN8) Is Making Moderate Use Of Debt

Trade Alert: The Non-executive Director Of Vonex Limited (ASX:VN8), Jason Gomersall, Has Just Spent AU$51k Buying A Few More Shares

Mar 12
Trade Alert: The Non-executive Director Of Vonex Limited (ASX:VN8), Jason Gomersall, Has Just Spent AU$51k Buying A Few More Shares

Breakeven Is Near for Vonex Limited (ASX:VN8)

Jan 20
Breakeven Is Near for Vonex Limited (ASX:VN8)

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

DataLast Updated (UTC time)
Company Analysis2025/01/31 06:07
End of Day Share Price 2025/01/31 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

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.

AnalystInstitution
Mark YarwoodPAC Partners Securities Pty. Ltd.
Alexander SmithPAC Partners Securities Pty. Ltd.