Vanstar Mining Resources Balance Sheet Health
Financial Health criteria checks 6/6
Vanstar Mining Resources has a total shareholder equity of CA$5.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.9M and CA$875.3K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.33m |
| Equity | CA$5.04m |
| Total liabilities | CA$875.30k |
| Total assets | CA$5.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VSR's short term assets (CA$2.4M) exceed its short term liabilities (CA$54.2K).
Long Term Liabilities: VSR's short term assets (CA$2.4M) exceed its long term liabilities (CA$821.1K).
Debt to Equity History and Analysis
Debt Level: VSR is debt free.
Reducing Debt: VSR has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.
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: VSR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VSR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 13.5% each year