Vertex Resource Group Balance Sheet Health
Financial Health criteria checks 3/6
Vertex Resource Group has a total shareholder equity of CA$66.8M and total debt of CA$96.6M, which brings its debt-to-equity ratio to 144.7%. Its total assets and total liabilities are CA$236.8M and CA$170.0M respectively. Vertex Resource Group's EBIT is CA$10.7M making its interest coverage ratio 1. It has cash and short-term investments of CA$1.4M.
Key information
144.7%
Debt to equity ratio
CA$96.64m
Debt
| Interest coverage ratio | 1x |
| Cash | CA$1.38m |
| Equity | CA$66.81m |
| Total liabilities | CA$170.00m |
| Total assets | CA$236.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4X8's short term assets (CA$64.7M) exceed its short term liabilities (CA$57.7M).
Long Term Liabilities: 4X8's short term assets (CA$64.7M) do not cover its long term liabilities (CA$112.3M).
Debt to Equity History and Analysis
Debt Level: 4X8's net debt to equity ratio (142.6%) is considered high.
Reducing Debt: 4X8's debt to equity ratio has increased from 118.4% to 144.7% 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: Whilst unprofitable 4X8 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 4X8 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 22.5% per year.