VVC Exploration Balance Sheet Health
Financial Health criteria checks 2/6
VVC Exploration has a total shareholder equity of CA$8.6M and total debt of CA$2.1M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CA$18.1M and CA$9.4M respectively.
Key information
24.7%
Debt to equity ratio
CA$2.13m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.82m |
Equity | CA$8.63m |
Total liabilities | CA$9.42m |
Total assets | CA$18.06m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VVC's short term assets (CA$2.8M) do not cover its short term liabilities (CA$9.1M).
Long Term Liabilities: VVC's short term assets (CA$2.8M) exceed its long term liabilities (CA$285.0K).
Debt to Equity History and Analysis
Debt Level: VVC has more cash than its total debt.
Reducing Debt: VVC's debt to equity ratio has increased from 15% to 24.7% 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 32.5% each year