Velocys Balance Sheet Health
Financial Health criteria checks 3/6
Velocys has a total shareholder equity of £13.9M and total debt of £10.6M, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are £37.3M and £23.5M respectively.
Key information
76.3%
Debt to equity ratio
UK£10.57m
Debt
Interest coverage ratio | n/a |
Cash | UK£9.02m |
Equity | UK£13.85m |
Total liabilities | UK£23.46m |
Total assets | UK£37.31m |
Financial Position Analysis
Short Term Liabilities: VLS's short term assets (£17.9M) exceed its short term liabilities (£9.0M).
Long Term Liabilities: VLS's short term assets (£17.9M) exceed its long term liabilities (£14.5M).
Debt to Equity History and Analysis
Debt Level: VLS's net debt to equity ratio (11.2%) is considered satisfactory.
Reducing Debt: VLS's debt to equity ratio has increased from 8.3% to 76.3% 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: VLS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VLS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 4.5% each year