Vela Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Vela Technologies has a total shareholder equity of £6.2M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £6.3M and £53.0K respectively.
Key information
0%
Debt to equity ratio
UK£0
Debt
| Interest coverage ratio | n/a |
| Cash | UK£54.00k |
| Equity | UK£6.24m |
| Total liabilities | UK£53.00k |
| Total assets | UK£6.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VELA's short term assets (£86.0K) exceed its short term liabilities (£53.0K).
Long Term Liabilities: VELA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VELA is debt free.
Reducing Debt: VELA has no debt compared to 5 years ago when its debt to equity ratio was 89.4%.
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: VELA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VELA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.6% each year