Volt Carbon Technologies Balance Sheet Health
Financial Health criteria checks 3/6
Volt Carbon Technologies has a total shareholder equity of CA$2.4M and total debt of CA$261.4K, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are CA$4.4M and CA$2.0M respectively.
Key information
10.9%
Debt to equity ratio
CA$261.38k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$140.36k |
| Equity | CA$2.40m |
| Total liabilities | CA$1.96m |
| Total assets | CA$4.36m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TORV.F's short term assets (CA$178.8K) do not cover its short term liabilities (CA$948.7K).
Long Term Liabilities: TORV.F's short term assets (CA$178.8K) do not cover its long term liabilities (CA$1.0M).
Debt to Equity History and Analysis
Debt Level: TORV.F's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: TORV.F's debt to equity ratio has increased from 0.09% to 10.9% 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: TORV.F has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: TORV.F is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.