Vow Green Metals Balance Sheet Health
Financial Health criteria checks 5/6
Vow Green Metals has a total shareholder equity of NOK202.2M and total debt of NOK3.5M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are NOK276.0M and NOK73.8M respectively.
Key information
1.7%
Debt to equity ratio
NOK 3.50m
Debt
| Interest coverage ratio | n/a |
| Cash | NOK 37.31m |
| Equity | NOK 202.24m |
| Total liabilities | NOK 73.78m |
| Total assets | NOK 276.02m |
Recent financial health updates
Vow Green Metals (OB:VGM) Is Making Moderate Use Of Debt
Feb 29
We Think Vow Green Metals (OB:VGM) Needs To Drive Business Growth Carefully
May 16Here's Why We're A Bit Worried About Vow Green Metals' (OB:VGM) Cash Burn Situation
Jan 25We're Keeping An Eye On Vow Green Metals' (OB:VGM) Cash Burn Rate
Sep 20Is Vow Green Metals (OB:VGM) In A Good Position To Deliver On Growth Plans?
Apr 28Recent updates
Vow Green Metals (OB:VGM) Is Making Moderate Use Of Debt
Feb 29We Think Vow Green Metals (OB:VGM) Needs To Drive Business Growth Carefully
May 16Here's Why We're A Bit Worried About Vow Green Metals' (OB:VGM) Cash Burn Situation
Jan 25We're Keeping An Eye On Vow Green Metals' (OB:VGM) Cash Burn Rate
Sep 20Is Vow Green Metals (OB:VGM) In A Good Position To Deliver On Growth Plans?
Apr 28Financial Position Analysis
Short Term Liabilities: VGM's short term assets (NOK44.4M) exceed its short term liabilities (NOK33.8M).
Long Term Liabilities: VGM's short term assets (NOK44.4M) exceed its long term liabilities (NOK40.0M).
Debt to Equity History and Analysis
Debt Level: VGM has more cash than its total debt.
Reducing Debt: Insufficient data to determine if VGM's debt to equity ratio has reduced 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: VGM has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VGM is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.