VVC Exploration Balance Sheet Health
Financial Health criteria checks 2/6
VVC Exploration has a total shareholder equity of CA$6.6M and total debt of CA$2.1M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are CA$15.9M and CA$9.3M respectively.
Key information
31.4%
Debt to equity ratio
CA$2.06m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$649.18k |
| Equity | CA$6.57m |
| Total liabilities | CA$9.35m |
| Total assets | CA$15.92m |
Financial Position Analysis
Short Term Liabilities: VVC's short term assets (CA$697.1K) do not cover its short term liabilities (CA$9.1M).
Long Term Liabilities: VVC's short term assets (CA$697.1K) exceed its long term liabilities (CA$287.3K).
Debt to Equity History and Analysis
Debt Level: VVC's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: VVC's debt to equity ratio has increased from 10.1% to 31.4% 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: VVC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VVC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.4% each year