Vicinity Motor Balance Sheet Health
Financial Health criteria checks 1/6
Vicinity Motor has a total shareholder equity of $18.7M and total debt of $38.0M, which brings its debt-to-equity ratio to 202.9%. Its total assets and total liabilities are $77.8M and $59.1M respectively.
Key information
202.9%
Debt to equity ratio
US$38.03m
Debt
Interest coverage ratio | n/a |
Cash | US$4.32m |
Equity | US$18.74m |
Total liabilities | US$59.09m |
Total assets | US$77.83m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6LGA's short term assets ($44.6M) do not cover its short term liabilities ($49.6M).
Long Term Liabilities: 6LGA's short term assets ($44.6M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: 6LGA's net debt to equity ratio (179.9%) is considered high.
Reducing Debt: 6LGA's debt to equity ratio has increased from 36.3% to 202.9% 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: 6LGA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 6LGA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.9% each year