This company has been acquired
Voyager Metals Balance Sheet Health
Financial Health criteria checks 0/6
Voyager Metals has a total shareholder equity of CA$3.5M and total debt of CA$5.6M, which brings its debt-to-equity ratio to 160.3%. Its total assets and total liabilities are CA$13.1M and CA$9.6M respectively.
Key information
160.3%
Debt to equity ratio
CA$5.62m
Debt
Interest coverage ratio | n/a |
Cash | CA$158.93k |
Equity | CA$3.51m |
Total liabilities | CA$9.59m |
Total assets | CA$13.10m |
Financial Position Analysis
Short Term Liabilities: VONE's short term assets (CA$483.0K) do not cover its short term liabilities (CA$7.5M).
Long Term Liabilities: VONE's short term assets (CA$483.0K) do not cover its long term liabilities (CA$2.1M).
Debt to Equity History and Analysis
Debt Level: VONE's net debt to equity ratio (155.7%) is considered high.
Reducing Debt: VONE's debt to equity ratio has increased from 0% to 160.3% 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: VONE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VONE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 33.6% each year