Volcanic Gold Mines Balance Sheet Health
Financial Health criteria checks 4/6
Volcanic Gold Mines has a total shareholder equity of CA$1.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$1.7M and CA$210.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.34m |
| Equity | CA$1.45m |
| Total liabilities | CA$210.17k |
| Total assets | CA$1.66m |
Financial Position Analysis
Short Term Liabilities: VG's short term assets (CA$1.4M) exceed its short term liabilities (CA$210.2K).
Long Term Liabilities: VG has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VG is debt free.
Reducing Debt: VG has not had any debt for 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: VG has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.7% each year