Versarien Balance Sheet Health
Financial Health criteria checks 3/6
Versarien has a total shareholder equity of £980.0K and total debt of £5.2M, which brings its debt-to-equity ratio to 531.7%. Its total assets and total liabilities are £10.0M and £9.0M respectively.
Key information
531.7%
Debt to equity ratio
UK£5.21m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£675.00k |
| Equity | UK£980.00k |
| Total liabilities | UK£9.03m |
| Total assets | UK£10.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9RV's short term assets (£4.3M) exceed its short term liabilities (£2.7M).
Long Term Liabilities: 9RV's short term assets (£4.3M) do not cover its long term liabilities (£6.3M).
Debt to Equity History and Analysis
Debt Level: 9RV's net debt to equity ratio (462.9%) is considered high.
Reducing Debt: 9RV's debt to equity ratio has increased from 4.5% to 531.7% 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: 9RV has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 9RV is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.