VIQ Solutions Balance Sheet Health
Financial Health criteria checks 2/6
VIQ Solutions has a total shareholder equity of $5.2M and total debt of $13.8M, which brings its debt-to-equity ratio to 265.7%. Its total assets and total liabilities are $29.2M and $24.0M respectively.
Key information
265.7%
Debt to equity ratio
US$13.81m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.22m |
| Equity | US$5.20m |
| Total liabilities | US$23.98m |
| Total assets | US$29.18m |
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 04Financial Position Analysis
Short Term Liabilities: VQS's short term assets ($8.3M) do not cover its short term liabilities ($22.8M).
Long Term Liabilities: VQS's short term assets ($8.3M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: VQS's net debt to equity ratio (222.9%) is considered high.
Reducing Debt: VQS's debt to equity ratio has reduced from 496.7% to 265.7% 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: VQS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VQS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 17.4% each year