VIQ Solutions Balance Sheet Health
Financial Health criteria checks 2/6
VIQ Solutions has a total shareholder equity of $4.5M and total debt of $13.9M, which brings its debt-to-equity ratio to 307.8%. Its total assets and total liabilities are $28.4M and $23.8M respectively.
Key information
307.8%
Debt to equity ratio
US$13.93m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.10m |
| Equity | US$4.53m |
| Total liabilities | US$23.83m |
| Total assets | US$28.36m |
Financial Position Analysis
Short Term Liabilities: VQSS.F's short term assets ($8.0M) do not cover its short term liabilities ($22.7M).
Long Term Liabilities: VQSS.F's short term assets ($8.0M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: VQSS.F's net debt to equity ratio (261.4%) is considered high.
Reducing Debt: VQSS.F's debt to equity ratio has reduced from 1472.3% to 307.8% 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: VQSS.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VQSS.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of 16% each year