Vision Marine Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Vision Marine Technologies has a total shareholder equity of CA$3.7M and total debt of CA$199.7K, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CA$17.1M and CA$13.4M respectively.
Key information
5.4%
Debt to equity ratio
CA$199.66k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$341.31k |
| Equity | CA$3.72m |
| Total liabilities | CA$13.42m |
| Total assets | CA$17.14m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VMAR's short term assets (CA$9.0M) exceed its short term liabilities (CA$4.0M).
Long Term Liabilities: VMAR's short term assets (CA$9.0M) do not cover its long term liabilities (CA$9.4M).
Debt to Equity History and Analysis
Debt Level: VMAR has more cash than its total debt.
Reducing Debt: VMAR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: VMAR has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VMAR is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.