Vonex Balance Sheet Health
Financial Health criteria checks 2/6
Vonex has a total shareholder equity of A$-3.6M and total debt of A$22.4M, which brings its debt-to-equity ratio to -618.9%. Its total assets and total liabilities are A$36.7M and A$40.3M respectively.
Key information
-618.9%
Debt to equity ratio
AU$22.44m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$1.90m |
| Equity | -AU$3.63m |
| Total liabilities | AU$40.32m |
| Total assets | AU$36.69m |
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
Slammed 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 53% per year.