Vertex Resource Group Balance Sheet Health
Financial Health criteria checks 3/6
Vertex Resource Group has a total shareholder equity of CA$66.8M and total debt of CA$96.6M, which brings its debt-to-equity ratio to 144.7%. Its total assets and total liabilities are CA$236.8M and CA$170.0M respectively. Vertex Resource Group's EBIT is CA$10.7M making its interest coverage ratio 1. It has cash and short-term investments of CA$1.4M.
Key information
144.7%
Debt to equity ratio
CA$96.64m
Debt
| Interest coverage ratio | 1x |
| Cash | CA$1.38m |
| Equity | CA$66.81m |
| Total liabilities | CA$170.00m |
| Total assets | CA$236.80m |
Recent financial health updates
These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Jul 04
These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Sep 18Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 04Here's Why Vertex Resource Group (CVE:VTX) Has A Meaningful Debt Burden
Jul 19Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 06Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Aug 12Recent updates
Investors Aren't Entirely Convinced By Vertex Resource Group Ltd.'s (CVE:VTX) Revenues
Oct 18These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Jul 04Market Cool On Vertex Resource Group Ltd.'s (CVE:VTX) Revenues
Jun 05This Is Why Vertex Resource Group Ltd.'s (CVE:VTX) CEO Compensation Looks Appropriate
May 09Investors Can Find Comfort In Vertex Resource Group's (CVE:VTX) Earnings Quality
Nov 20Should You Be Adding Vertex Resource Group (CVE:VTX) To Your Watchlist Today?
Oct 18These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Sep 18Should You Investigate Vertex Resource Group Ltd. (CVE:VTX) At CA$0.41?
Jun 17Vertex Resource Group Ltd.'s (CVE:VTX) Shareholders Might Be Looking For Exit
Apr 04What Is Vertex Resource Group Ltd.'s (CVE:VTX) Share Price Doing?
Feb 26Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 04When Should You Buy Vertex Resource Group Ltd. (CVE:VTX)?
Aug 25Here's Why Vertex Resource Group (CVE:VTX) Has A Meaningful Debt Burden
Jul 19Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 06Returns On Capital Are Showing Encouraging Signs At Vertex Resource Group (CVE:VTX)
Oct 26Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Aug 12Vertex Resource Group's (CVE:VTX) Returns On Capital Are Heading Higher
Jun 02Is Vertex Resource Group (CVE:VTX) Using Too Much Debt?
Feb 24What Do The Returns At Vertex Resource Group (CVE:VTX) Mean Going Forward?
Jan 20Key Things To Understand About Vertex Resource Group's (CVE:VTX) CEO Pay Cheque
Dec 16Financial Position Analysis
Short Term Liabilities: VTX's short term assets (CA$64.7M) exceed its short term liabilities (CA$57.7M).
Long Term Liabilities: VTX's short term assets (CA$64.7M) do not cover its long term liabilities (CA$112.3M).
Debt to Equity History and Analysis
Debt Level: VTX's net debt to equity ratio (142.6%) is considered high.
Reducing Debt: VTX's debt to equity ratio has increased from 118.4% to 144.7% 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: Whilst unprofitable VTX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VTX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.5% per year.