VOTI Detection Balance Sheet Health
Financial Health criteria checks 2/6
VOTI Detection has a total shareholder equity of CA$3.4M and total debt of CA$4.4M, which brings its debt-to-equity ratio to 132.2%. Its total assets and total liabilities are CA$20.4M and CA$17.1M respectively.
Key information
132.2%
Debt to equity ratio
CA$4.44m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$259.48k |
| Equity | CA$3.36m |
| Total liabilities | CA$17.09m |
| Total assets | CA$20.45m |
Financial Position Analysis
Short Term Liabilities: VOTI.H's short term assets (CA$14.1M) do not cover its short term liabilities (CA$14.4M).
Long Term Liabilities: VOTI.H's short term assets (CA$14.1M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: VOTI.H's net debt to equity ratio (124.5%) is considered high.
Reducing Debt: VOTI.H's debt to equity ratio has reduced from 190.4% to 132.2% 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: VOTI.H has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VOTI.H has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.7% each year.