Verbrec Balance Sheet Health
Financial Health criteria checks 5/6
Verbrec has a total shareholder equity of A$19.2M and total debt of A$6.6M, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are A$47.7M and A$28.5M respectively. Verbrec's EBIT is A$5.3M making its interest coverage ratio 5.3. It has cash and short-term investments of A$4.6M.
Key information
34.6%
Debt to equity ratio
AU$6.64m
Debt
| Interest coverage ratio | 5.3x |
| Cash | AU$4.62m |
| Equity | AU$19.17m |
| Total liabilities | AU$28.53m |
| Total assets | AU$47.69m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VBC's short term assets (A$23.0M) exceed its short term liabilities (A$20.0M).
Long Term Liabilities: VBC's short term assets (A$23.0M) exceed its long term liabilities (A$8.5M).
Debt to Equity History and Analysis
Debt Level: VBC's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: VBC's debt to equity ratio has increased from 14.2% to 34.6% over the past 5 years.
Debt Coverage: VBC's debt is well covered by operating cash flow (30.2%).
Interest Coverage: VBC's interest payments on its debt are well covered by EBIT (5.3x coverage).