VIQ Solutions Balance Sheet Health
Financial Health criteria checks 2/6
VIQ Solutions has a total shareholder equity of $3.9M and total debt of $14.3M, which brings its debt-to-equity ratio to 370.6%. Its total assets and total liabilities are $27.7M and $23.9M respectively.
Key information
370.6%
Debt to equity ratio
US$14.27m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.02m |
| Equity | US$3.85m |
| Total liabilities | US$23.86m |
| Total assets | US$27.71m |
Financial Position Analysis
Short Term Liabilities: VQSS.F's short term assets ($7.6M) do not cover its short term liabilities ($22.6M).
Long Term Liabilities: VQSS.F's short term assets ($7.6M) exceed its long term liabilities ($1.2M).
Debt to Equity History and Analysis
Debt Level: VQSS.F's net debt to equity ratio (344.1%) is considered high.
Reducing Debt: VQSS.F's debt to equity ratio has reduced from 396.9% to 370.6% 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 13.3% each year