Volcon Balance Sheet Health
Financial Health criteria checks 0/6
Volcon has a total shareholder equity of $-19.6M and total debt of $30.2M, which brings its debt-to-equity ratio to -154%. Its total assets and total liabilities are $22.1M and $41.8M respectively.
Key information
-154.0%
Debt to equity ratio
US$30.23m
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.98m |
| Equity | -US$19.63m |
| Total liabilities | US$41.76m |
| Total assets | US$22.13m |
Recent financial health updates
Recent updates
Volcon scales 10%, awarded first stag UTV order with US Army
Oct 05Volcon appoints Katie Hale as CMO
Sep 14Volcon declines 14% on pricing of $27.2M convertible senior notes offering
Aug 22Volcon reports Q2 results
Aug 15Volcon reports thousands of pre-orders for Stag in first 14 days
Jul 11Volcon Is Getting Product Into Dealerships, Let's See If It Sticks
Apr 08Financial Position Analysis
Short Term Liabilities: VLCN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VLCN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VLCN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VLCN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: VLCN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VLCN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 32.1% each year