Vivakor Balance Sheet Health
Financial Health criteria checks 2/6
Vivakor has a total shareholder equity of $17.2M and total debt of $29.0M, which brings its debt-to-equity ratio to 168.1%. Its total assets and total liabilities are $71.2M and $54.0M respectively.
Key information
168.1%
Debt to equity ratio
US$28.98m
Debt
Interest coverage ratio | n/a |
Cash | US$1.24m |
Equity | US$17.24m |
Total liabilities | US$54.00m |
Total assets | US$71.24m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VIVK's short term assets ($5.1M) do not cover its short term liabilities ($40.0M).
Long Term Liabilities: VIVK's short term assets ($5.1M) do not cover its long term liabilities ($14.0M).
Debt to Equity History and Analysis
Debt Level: VIVK's net debt to equity ratio (161%) is considered high.
Reducing Debt: VIVK's debt to equity ratio has increased from 25.8% to 168.1% 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: VIVK has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VIVK is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.