VIQ Solutions Balance Sheet Health
Financial Health criteria checks 2/6
VIQ Solutions has a total shareholder equity of $-10.5M and total debt of $19.8M, which brings its debt-to-equity ratio to -188.5%. Its total assets and total liabilities are $19.1M and $29.6M respectively. VIQ Solutions's EBIT is $4.9M making its interest coverage ratio 1.2. It has cash and short-term investments of $5.5M.
Key information
-188.46%
Debt to equity ratio
US$19.85m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$5.47m |
| Equity | -US$10.53m |
| Total liabilities | US$29.61m |
| Total assets | US$19.08m |
Recent financial health updates
Is VIQ Solutions (TSE:VQS) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...VIQ Solutions (TSE:VQS) Is Making Moderate Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Is VIQ Solutions (TSE:VQS) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Recent updates
Financial Position Analysis
Short Term Liabilities: VQS has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VQS has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VQS has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VQS's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: Whilst unprofitable VQS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VQS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/15 08:16 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
VIQ Solutions Inc. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jim Byrne | Acumen Capital Finance Partners Limited |
| Scott Buck | H.C. Wainwright & Co. |
| Marla Marin | Zacks Small-Cap Research |