Vortex Metals Balance Sheet Health
Financial Health criteria checks 3/6
Vortex Metals has a total shareholder equity of CA$5.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$7.6M and CA$2.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$670.83k |
| Equity | CA$5.34m |
| Total liabilities | CA$2.24m |
| Total assets | CA$7.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DM8's short term assets (CA$851.1K) do not cover its short term liabilities (CA$2.2M).
Long Term Liabilities: DM8 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: DM8 is debt free.
Reducing Debt: DM8 had no debt 5 years ago.
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: DM8 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: DM8 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 56.9% each year