Verde Resources Balance Sheet Health
Financial Health criteria checks 3/6
Verde Resources has a total shareholder equity of $36.6M and total debt of $698.7K, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $39.5M and $2.8M respectively.
Key information
1.9%
Debt to equity ratio
US$698.72k
Debt
Interest coverage ratio | n/a |
Cash | US$928.28k |
Equity | US$36.64m |
Total liabilities | US$2.83m |
Total assets | US$39.47m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VRDR's short term assets ($1.7M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: VRDR's short term assets ($1.7M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: VRDR has more cash than its total debt.
Reducing Debt: VRDR's debt to equity ratio has increased from 0% to 1.9% 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: VRDR has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VRDR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 55.2% each year