Velocity Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Velocity Minerals has a total shareholder equity of CA$28.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$30.1M and CA$1.4M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$3.07m |
| Equity | CA$28.72m |
| Total liabilities | CA$1.42m |
| Total assets | CA$30.14m |
Financial Position Analysis
Short Term Liabilities: VLC's short term assets (CA$3.6M) exceed its short term liabilities (CA$1.4M).
Long Term Liabilities: VLC's short term assets (CA$3.6M) exceed its long term liabilities (CA$35.2K).
Debt to Equity History and Analysis
Debt Level: VLC is debt free.
Reducing Debt: VLC has no debt compared to 5 years ago when its debt to equity ratio was 52.4%.
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: VLC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VLC has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.6% each year.