Veritas Farms Balance Sheet Health
Financial Health criteria checks 0/6
Veritas Farms has a total shareholder equity of $207.5K and total debt of $3.9M, which brings its debt-to-equity ratio to 1899.8%. Its total assets and total liabilities are $8.3M and $8.1M respectively.
Key information
1,899.8%
Debt to equity ratio
US$3.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$58.79k |
| Equity | US$207.46k |
| Total liabilities | US$8.11m |
| Total assets | US$8.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VFRM's short term assets ($2.9M) do not cover its short term liabilities ($4.5M).
Long Term Liabilities: VFRM's short term assets ($2.9M) do not cover its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: VFRM's net debt to equity ratio (1871.5%) is considered high.
Reducing Debt: VFRM's debt to equity ratio has increased from 35.2% to 1899.8% 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: Insufficient data to determine if VFRM has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if VFRM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.