This company has been acquired
Viking Energy Group Balance Sheet Health
Financial Health criteria checks 3/6
Viking Energy Group has a total shareholder equity of $13.8M and total debt of $10.7M, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are $49.5M and $35.7M respectively.
Key information
77.5%
Debt to equity ratio
US$10.70m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.92m |
| Equity | US$13.80m |
| Total liabilities | US$35.70m |
| Total assets | US$49.49m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VKIN's short term assets ($19.1M) do not cover its short term liabilities ($28.4M).
Long Term Liabilities: VKIN's short term assets ($19.1M) exceed its long term liabilities ($7.3M).
Debt to Equity History and Analysis
Debt Level: VKIN's net debt to equity ratio (63.6%) is considered high.
Reducing Debt: VKIN's debt to equity ratio has increased from 53.4% to 77.5% 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: VKIN has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VKIN is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.