VIQ Solutions Balance Sheet Health
Financial Health criteria checks 3/6
VIQ Solutions has a total shareholder equity of $6.2M and total debt of $13.3M, which brings its debt-to-equity ratio to 214.8%. Its total assets and total liabilities are $29.7M and $23.5M respectively.
Key information
214.8%
Debt to equity ratio
US$13.27m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.62m |
| Equity | US$6.18m |
| Total liabilities | US$23.50m |
| Total assets | US$29.68m |
Recent financial health updates
Is VIQ Solutions (TSE:VQS) A Risky Investment?
Jun 17
VIQ Solutions (TSE:VQS) Is Making Moderate Use Of Debt
Jul 20Is VIQ Solutions (TSE:VQS) Using Too Much Debt?
Apr 01Recent updates
Lacklustre Performance Is Driving VIQ Solutions Inc.'s (TSE:VQS) 25% Price Drop
Aug 16Is VIQ Solutions (TSE:VQS) A Risky Investment?
Jun 17VIQ Solutions (TSE:VQS) Is Making Moderate Use Of Debt
Jul 20Is VIQ Solutions (TSE:VQS) Using Too Much Debt?
Apr 01Is VIQ Solutions (TSE:VQS) A Risky Investment?
Oct 11Earnings Release: Here's Why Analysts Cut Their VIQ Solutions Inc. (TSE:VQS) Price Target To CA$7.90
Aug 19What You Need To Know About The VIQ Solutions Inc. (TSE:VQS) Analyst Downgrade Today
Aug 04When Will VIQ Solutions Inc. (TSE:VQS) Breakeven?
Feb 23Financial Position Analysis
Short Term Liabilities: VQS's short term assets ($7.7M) do not cover its short term liabilities ($8.9M).
Long Term Liabilities: VQS's short term assets ($7.7M) do not cover its long term liabilities ($14.6M).
Debt to Equity History and Analysis
Debt Level: VQS's net debt to equity ratio (188.6%) is considered high.
Reducing Debt: VQS's debt to equity ratio has reduced from 474.7% to 214.8% 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: VQS has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VQS is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.