Vicinity Motor Balance Sheet Health
Financial Health criteria checks 1/6
Vicinity Motor has a total shareholder equity of $21.2M and total debt of $36.0M, which brings its debt-to-equity ratio to 169.9%. Its total assets and total liabilities are $74.2M and $53.0M respectively.
Key information
169.9%
Debt to equity ratio
US$36.01m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.03m |
| Equity | US$21.20m |
| Total liabilities | US$53.00m |
| Total assets | US$74.20m |
Recent financial health updates
Is Vicinity Motor (CVE:VMC) Using Too Much Debt?
Jul 21
Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?
May 24Is Vicinity Motor (CVE:VMC) A Risky Investment?
Aug 10Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt
Apr 14Recent updates
Why We're Not Concerned About Vicinity Motor Corp.'s (CVE:VMC) Share Price
Apr 02Is Vicinity Motor (CVE:VMC) Using Too Much Debt?
Jul 21Is Vicinity Motor (CVE:VMC) Using Debt In A Risky Way?
May 24Is Vicinity Motor (CVE:VMC) A Risky Investment?
Aug 10Vicinity Motor (CVE:VMC) Is Carrying A Fair Bit Of Debt
Apr 14The Grande West Transportation Group (CVE:BUS) Share Price Is Up 818% And Shareholders Are Delighted
Jan 27Financial Position Analysis
Short Term Liabilities: VMC's short term assets ($40.6M) do not cover its short term liabilities ($43.5M).
Long Term Liabilities: VMC's short term assets ($40.6M) exceed its long term liabilities ($9.5M).
Debt to Equity History and Analysis
Debt Level: VMC's net debt to equity ratio (160.3%) is considered high.
Reducing Debt: VMC's debt to equity ratio has increased from 27% to 169.9% 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: VMC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 40.5% each year