Vortex Metals Balance Sheet Health
Financial Health criteria checks 5/6
Vortex Metals has a total shareholder equity of CA$4.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.8M and CA$2.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$293.87k |
Equity | CA$4.72m |
Total liabilities | CA$2.08m |
Total assets | CA$6.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VMS's short term assets (CA$414.5K) do not cover its short term liabilities (CA$2.1M).
Long Term Liabilities: VMS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VMS is debt free.
Reducing Debt: VMS 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: VMS has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VMS is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.