VEEM Balance Sheet Health
Financial Health criteria checks 6/6
VEEM has a total shareholder equity of A$50.0M and total debt of A$6.2M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are A$93.8M and A$43.7M respectively. VEEM's EBIT is A$8.2M making its interest coverage ratio 6.6. It has cash and short-term investments of A$646.3K.
Key information
12.4%
Debt to equity ratio
AU$6.21m
Debt
Interest coverage ratio | 6.6x |
Cash | AU$646.33k |
Equity | AU$50.02m |
Total liabilities | AU$43.74m |
Total assets | AU$93.75m |
Recent financial health updates
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly
Apr 16These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well
Nov 16Is VEEM (ASX:VEE) Using Too Much Debt?
Jun 26VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet
Oct 17VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly
Jun 19Recent updates
VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly
Apr 16When Should You Buy VEEM Ltd (ASX:VEE)?
Mar 14Subdued Growth No Barrier To VEEM Ltd (ASX:VEE) With Shares Advancing 30%
Mar 14VEEM Ltd Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Feb 25Returns On Capital At VEEM (ASX:VEE) Have Stalled
Jan 22Investors Appear Satisfied With VEEM Ltd's (ASX:VEE) Prospects As Shares Rocket 34%
Dec 18These 4 Measures Indicate That VEEM (ASX:VEE) Is Using Debt Reasonably Well
Nov 16Investors Met With Slowing Returns on Capital At VEEM (ASX:VEE)
Sep 21Is Now An Opportune Moment To Examine VEEM Ltd (ASX:VEE)?
Aug 19Is VEEM (ASX:VEE) Using Too Much Debt?
Jun 26Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal
Jan 24Is It Too Late To Consider Buying VEEM Ltd (ASX:VEE)?
Dec 12Why We Think VEEM Ltd's (ASX:VEE) CEO Compensation Is Not Excessive At All
Nov 16VEEM (ASX:VEE) Has A Somewhat Strained Balance Sheet
Oct 17Capital Allocation Trends At VEEM (ASX:VEE) Aren't Ideal
Aug 16Is There Now An Opportunity In VEEM Ltd (ASX:VEE)?
Jul 10VEEM (ASX:VEE) Seems To Use Debt Quite Sensibly
Jun 19Calculating The Intrinsic Value Of VEEM Ltd (ASX:VEE)
May 03Be Wary Of VEEM (ASX:VEE) And Its Returns On Capital
Mar 15I Ran A Stock Scan For Earnings Growth And VEEM (ASX:VEE) Passed With Ease
Sep 05VEEM Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Aug 06With EPS Growth And More, VEEM (ASX:VEE) Is Interesting
Jun 03Estimating The Intrinsic Value Of VEEM Ltd (ASX:VEE)
May 13Should We Be Excited About The Trends Of Returns At VEEM (ASX:VEE)?
Mar 09Should You Be Adding VEEM (ASX:VEE) To Your Watchlist Today?
Feb 22What Does VEEM's (ASX:VEE) CEO Pay Reveal?
Feb 05Is There An Opportunity With VEEM Ltd's (ASX:VEE) 34% Undervaluation?
Jan 21VEEM Ltd's (ASX:VEE) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?
Jan 06We Wouldn't Rely On VEEM's (ASX:VEE) Statutory Earnings As A Guide
Dec 22Returns On Capital At VEEM (ASX:VEE) Paint An Interesting Picture
Dec 08The VEEM (ASX:VEE) Share Price Has Gained 41% And Shareholders Are Hoping For More
Nov 25Financial Position Analysis
Short Term Liabilities: VEE's short term assets (A$37.6M) exceed its short term liabilities (A$17.4M).
Long Term Liabilities: VEE's short term assets (A$37.6M) exceed its long term liabilities (A$26.4M).
Debt to Equity History and Analysis
Debt Level: VEE's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: VEE's debt to equity ratio has reduced from 31.1% to 12.4% over the past 5 years.
Debt Coverage: VEE's debt is well covered by operating cash flow (145.7%).
Interest Coverage: VEE's interest payments on its debt are well covered by EBIT (6.6x coverage).