Vow Green Metals Balance Sheet Health
Financial Health criteria checks 2/6
Vow Green Metals has a total shareholder equity of NOK100.0M and total debt of NOK70.6M, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are NOK183.2M and NOK83.2M respectively.
Key information
70.6%
Debt to equity ratio
kr70.57m
Debt
Interest coverage ratio | n/a |
Cash | kr41.32m |
Equity | kr99.97m |
Total liabilities | kr83.20m |
Total assets | kr183.17m |
Recent financial health 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 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 (NOK46.4M) exceed its short term liabilities (NOK32.6M).
Long Term Liabilities: VGM's short term assets (NOK46.4M) do not cover its long term liabilities (NOK50.6M).
Debt to Equity History and Analysis
Debt Level: VGM's net debt to equity ratio (29.3%) is considered satisfactory.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VGM has less than a year of cash runway if free cash flow continues to grow at historical rates of 27.2% each year.