Velocity Minerals Balance Sheet Health
Financial Health criteria checks 4/6
Velocity Minerals has a total shareholder equity of CA$28.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$29.0M and CA$608.4K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.85m |
| Equity | CA$28.39m |
| Total liabilities | CA$608.41k |
| Total assets | CA$29.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VMSP's short term assets (CA$2.3M) exceed its short term liabilities (CA$583.7K).
Long Term Liabilities: VMSP's short term assets (CA$2.3M) exceed its long term liabilities (CA$24.7K).
Debt to Equity History and Analysis
Debt Level: VMSP is debt free.
Reducing Debt: VMSP has no debt compared to 5 years ago when its debt to equity ratio was 45.5%.
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: VMSP has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VMSP has less than a year of cash runway if free cash flow continues to grow at historical rates of 3.9% each year.