Venus Concept Balance Sheet Health
Financial Health criteria checks 5/6
Venus Concept has a total shareholder equity of $10.6M and total debt of $34.6M, which brings its debt-to-equity ratio to 325.7%. Its total assets and total liabilities are $72.3M and $61.6M respectively.
Key information
325.7%
Debt to equity ratio
US$34.61m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.49m |
| Equity | US$10.63m |
| Total liabilities | US$61.65m |
| Total assets | US$72.28m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VERO's short term assets ($51.2M) exceed its short term liabilities ($27.5M).
Long Term Liabilities: VERO's short term assets ($51.2M) exceed its long term liabilities ($34.2M).
Debt to Equity History and Analysis
Debt Level: VERO's net debt to equity ratio (283.4%) is considered high.
Reducing Debt: VERO's debt to equity ratio has reduced from 522.1% to 325.7% 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: VERO has sufficient cash runway for 7 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VERO is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.