Vortex Metals Balance Sheet Health
Financial Health criteria checks 5/6
Vortex Metals has a total shareholder equity of CA$4.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.7M and CA$2.1M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$127.23k |
| Equity | CA$4.53m |
| Total liabilities | CA$2.13m |
| Total assets | CA$6.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DM8's short term assets (CA$271.7K) do not cover its short term liabilities (CA$2.1M).
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 sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: DM8 is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.