Vanadiumcorp Resource Balance Sheet Health
Financial Health criteria checks 1/6
Vanadiumcorp Resource has a total shareholder equity of CA$7.7M and total debt of CA$738.9K, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CA$9.0M and CA$1.3M respectively.
Key information
9.5%
Debt to equity ratio
CA$738.91k
Debt
Interest coverage ratio | n/a |
Cash | CA$118.84k |
Equity | CA$7.74m |
Total liabilities | CA$1.31m |
Total assets | CA$9.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VRB's short term assets (CA$320.2K) do not cover its short term liabilities (CA$687.4K).
Long Term Liabilities: VRB's short term assets (CA$320.2K) do not cover its long term liabilities (CA$617.7K).
Debt to Equity History and Analysis
Debt Level: VRB's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: VRB's debt to equity ratio has increased from 0% to 9.5% 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: VRB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VRB has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.3% each year