Vantex Resources Balance Sheet Health
Financial Health criteria checks 5/6
Vantex Resources has a total shareholder equity of CA$855.9K and total debt of CA$11.6K, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CA$1.3M and CA$487.4K respectively.
Key information
1.4%
Debt to equity ratio
CA$11.64k
Debt
Interest coverage ratio | n/a |
Cash | CA$1.19m |
Equity | CA$855.91k |
Total liabilities | CA$487.36k |
Total assets | CA$1.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VAX's short term assets (CA$1.2M) exceed its short term liabilities (CA$487.4K).
Long Term Liabilities: VAX has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VAX has more cash than its total debt.
Reducing Debt: VAX's debt to equity ratio has increased from 0% to 1.4% 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: VAX has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VAX has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 0.8% each year