Vaxtex Cotfab Balance Sheet Health
Financial Health criteria checks 5/6
Vaxtex Cotfab has a total shareholder equity of ₹187.5M and total debt of ₹119.0M, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are ₹490.6M and ₹303.1M respectively.
Key information
63.5%
Debt to equity ratio
₹119.02m
Debt
| Interest coverage ratio | n/a |
| Cash | ₹11.73m |
| Equity | ₹187.49m |
| Total liabilities | ₹303.07m |
| Total assets | ₹490.57m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VCL's short term assets (₹420.3M) exceed its short term liabilities (₹201.4M).
Long Term Liabilities: VCL's short term assets (₹420.3M) exceed its long term liabilities (₹101.7M).
Debt to Equity History and Analysis
Debt Level: VCL's net debt to equity ratio (57.2%) is considered high.
Reducing Debt: VCL's debt to equity ratio has reduced from 118.9% to 63.5% 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: Whilst unprofitable VCL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VCL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 6.6% per year.