Here's Why We're Watching Australian Vanadium's (ASX:AVL) Cash Burn Situation [Yahoo! Finance]
NEOMETALS LTD S/ADR (RDRUY)
NASDAQ:AMEX Investor Relations:
neometals.com.au
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Source: Yahoo! Finance
money for years before finding success with a new treatment or mineral discovery. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. Given this risk, we thought we'd take a look at whether Australian Vanadium ASX:AVL ) shareholders should be worried about its cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Australian Vanadium How Long Is Australian Vanadium's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. In June 2023, Australian Vanadium had AU$27m in cash, and was debt-free. Looking at the last year, the company burnt through AU$17m. So it ha
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