Vanadium Resources Balance Sheet Health
Financial Health criteria checks 3/6
Vanadium Resources has a total shareholder equity of A$29.5M and total debt of A$165.6K, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are A$30.2M and A$704.0K respectively.
Key information
0.6%
Debt to equity ratio
AU$165.56k
Debt
Interest coverage ratio | n/a |
Cash | AU$1.92m |
Equity | AU$29.53m |
Total liabilities | AU$704.05k |
Total assets | AU$30.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR3's short term assets (A$2.0M) exceed its short term liabilities (A$614.4K).
Long Term Liabilities: TR3's short term assets (A$2.0M) exceed its long term liabilities (A$89.7K).
Debt to Equity History and Analysis
Debt Level: TR3 has more cash than its total debt.
Reducing Debt: TR3's debt to equity ratio has increased from 0% to 0.6% 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: TR3 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: TR3 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.3% each year