Vertex Minerals Balance Sheet Health
Financial Health criteria checks 5/6
Vertex Minerals has a total shareholder equity of A$8.6M and total debt of A$177.2K, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are A$9.2M and A$565.2K respectively.
Key information
2.1%
Debt to equity ratio
AU$177.23k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$551.23k |
| Equity | AU$8.59m |
| Total liabilities | AU$565.23k |
| Total assets | AU$9.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTXX.F's short term assets (A$652.9K) exceed its short term liabilities (A$450.4K).
Long Term Liabilities: VTXX.F's short term assets (A$652.9K) exceed its long term liabilities (A$114.9K).
Debt to Equity History and Analysis
Debt Level: VTXX.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if VTXX.F's debt to equity ratio has reduced 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: VTXX.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VTXX.F is forecast to have sufficient cash runway for 11 months based on free cash flow estimates, but has since raised additional capital.