VOTI Detection Balance Sheet Health
Financial Health criteria checks 3/6
VOTI Detection has a total shareholder equity of CA$4.0M and total debt of CA$4.2M, which brings its debt-to-equity ratio to 106.6%. Its total assets and total liabilities are CA$22.0M and CA$18.0M respectively.
Key information
106.6%
Debt to equity ratio
CA$4.23m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.09m |
Equity | CA$3.97m |
Total liabilities | CA$18.02m |
Total assets | CA$21.99m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOTD.F's short term assets (CA$15.6M) exceed its short term liabilities (CA$11.8M).
Long Term Liabilities: VOTD.F's short term assets (CA$15.6M) exceed its long term liabilities (CA$6.2M).
Debt to Equity History and Analysis
Debt Level: VOTD.F's net debt to equity ratio (79.2%) is considered high.
Reducing Debt: VOTD.F's debt to equity ratio has reduced from 372% to 106.6% 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: VOTD.F has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VOTD.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.7% each year.