Vicinity Centres Balance Sheet Health
Financial Health criteria checks 3/6
Vicinity Centres has a total shareholder equity of A$10.6B and total debt of A$4.2B, which brings its debt-to-equity ratio to 39.8%. Its total assets and total liabilities are A$15.7B and A$5.1B respectively. Vicinity Centres's EBIT is A$756.4M making its interest coverage ratio 3.5. It has cash and short-term investments of A$89.1M.
Key information
39.8%
Debt to equity ratio
AU$4.23b
Debt
| Interest coverage ratio | 3.5x |
| Cash | AU$89.10m |
| Equity | AU$10.64b |
| Total liabilities | AU$5.09b |
| Total assets | AU$15.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VCX's short term assets (A$398.6M) do not cover its short term liabilities (A$856.7M).
Long Term Liabilities: VCX's short term assets (A$398.6M) 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 (38.9%) is considered satisfactory.
Reducing Debt: VCX's debt to equity ratio has reduced from 40.3% to 39.8% over the past 5 years.
Debt Coverage: VCX's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: VCX's interest payments on its debt are well covered by EBIT (3.5x coverage).