Vanadiumcorp Resource Balance Sheet Health
Financial Health criteria checks 3/6
Vanadiumcorp Resource has a total shareholder equity of CA$7.2M and total debt of CA$669.5K, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CA$9.5M and CA$2.3M respectively.
Key information
9.3%
Debt to equity ratio
CA$669.46k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$34.99k |
| Equity | CA$7.19m |
| Total liabilities | CA$2.28m |
| Total assets | CA$9.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VRBF.F's short term assets (CA$182.5K) do not cover its short term liabilities (CA$1.8M).
Long Term Liabilities: VRBF.F's short term assets (CA$182.5K) do not cover its long term liabilities (CA$502.3K).
Debt to Equity History and Analysis
Debt Level: VRBF.F's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: VRBF.F's debt to equity ratio has increased from 0% to 9.3% 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: VRBF.F has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VRBF.F is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.