Volcanic Gold Mines Balance Sheet Health
Financial Health criteria checks 6/6
Volcanic Gold Mines has a total shareholder equity of CA$3.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$3.7M and CA$234.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$3.16m |
Equity | CA$3.43m |
Total liabilities | CA$234.33k |
Total assets | CA$3.66m |
Financial Position Analysis
Short Term Liabilities: VG's short term assets (CA$3.2M) exceed its short term liabilities (CA$234.3K).
Long Term Liabilities: VG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VG is debt free.
Reducing Debt: VG had no debt 5 years ago.
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: VG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: VG has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 10% each year.