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
Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Dec 10
These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Jul 04These 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 06Recent updates
Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Dec 10Investors 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:58 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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 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
Vertex Resource Group Ltd. is covered by 1 analysts. 1 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 |
|---|---|
| Trevor Reynolds | Acumen Capital Finance Partners Limited |