Veganz Group Balance Sheet Health
Financial Health criteria checks 2/6
Veganz Group has a total shareholder equity of €1.1M and total debt of €11.5M, which brings its debt-to-equity ratio to 1091.4%. Its total assets and total liabilities are €20.5M and €19.4M respectively.
Key information
1,091.4%
Debt to equity ratio
€11.53m
Debt
| Interest coverage ratio | n/a |
| Cash | €2.47m |
| Equity | €1.06m |
| Total liabilities | €19.42m |
| Total assets | €20.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEZ's short term assets (€6.5M) do not cover its short term liabilities (€7.7M).
Long Term Liabilities: VEZ's short term assets (€6.5M) do not cover its long term liabilities (€11.7M).
Debt to Equity History and Analysis
Debt Level: VEZ's net debt to equity ratio (857.4%) is considered high.
Reducing Debt: Insufficient data to determine if VEZ's debt to equity ratio has reduced 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: VEZ has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VEZ is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.