Vicinity Centres Balance Sheet Health
Financial Health criteria checks 2/6
Vicinity Centres has a total shareholder equity of A$10.6B and total debt of A$4.0B, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are A$15.4B and A$4.9B respectively. Vicinity Centres's EBIT is A$730.4M making its interest coverage ratio 3.4. It has cash and short-term investments of A$95.6M.
Key information
38.1%
Debt to equity ratio
AU$4.03b
Debt
Interest coverage ratio | 3.4x |
Cash | AU$95.60m |
Equity | AU$10.58b |
Total liabilities | AU$4.85b |
Total assets | AU$15.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VCX's short term assets (A$573.0M) do not cover its short term liabilities (A$609.3M).
Long Term Liabilities: VCX's short term assets (A$573.0M) do not cover its long term liabilities (A$4.2B).
Debt to Equity History and Analysis
Debt Level: VCX's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: VCX's debt to equity ratio has increased from 36.1% to 38.1% over the past 5 years.
Debt Coverage: VCX's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: VCX's interest payments on its debt are well covered by EBIT (3.4x coverage).