Veris Balance Sheet Health
Financial Health criteria checks 5/6
Veris has a total shareholder equity of A$28.3M and total debt of A$4.8M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are A$66.4M and A$38.1M respectively. Veris's EBIT is A$1.2M making its interest coverage ratio 1.9. It has cash and short-term investments of A$16.7M.
Key information
16.8%
Debt to equity ratio
AU$4.76m
Debt
| Interest coverage ratio | 1.9x |
| Cash | AU$16.70m |
| Equity | AU$28.29m |
| Total liabilities | AU$38.09m |
| Total assets | AU$66.38m |
Recent financial health updates
We Think Veris (ASX:VRS) Can Stay On Top Of Its Debt
Mar 27
Is Veris (ASX:VRS) Using Too Much Debt?
Jun 29Veris (ASX:VRS) Has Debt But No Earnings; Should You Worry?
May 14Is Veris (ASX:VRS) Using Debt In A Risky Way?
Dec 22
Recent updates
We Think Veris (ASX:VRS) Can Stay On Top Of Its Debt
Mar 27Investors Aren't Entirely Convinced By Veris Limited's (ASX:VRS) Revenues
Mar 01The Return Trends At Veris (ASX:VRS) Look Promising
Jan 19Veris' (ASX:VRS) Solid Profits Have Weak Fundamentals
Mar 06Is Veris (ASX:VRS) Using Too Much Debt?
Jun 29Veris (ASX:VRS) Has Debt But No Earnings; Should You Worry?
May 14Should You Take Comfort From Insider Transactions At Veris Limited (ASX:VRS)?
Mar 05Is Veris (ASX:VRS) Using Debt In A Risky Way?
Dec 22Financial Position Analysis
Short Term Liabilities: VRS's short term assets (A$38.0M) exceed its short term liabilities (A$20.6M).
Long Term Liabilities: VRS's short term assets (A$38.0M) exceed its long term liabilities (A$17.5M).
Debt to Equity History and Analysis
Debt Level: VRS has more cash than its total debt.
Reducing Debt: VRS's debt to equity ratio has reduced from 72.7% to 16.8% over the past 5 years.
Debt Coverage: VRS's debt is well covered by operating cash flow (128.1%).
Interest Coverage: VRS's interest payments on its debt are not well covered by EBIT (1.9x coverage).