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Vita Group Balance Sheet Health
Financial Health criteria checks 4/6
Vita Group has a total shareholder equity of A$29.8M and total debt of A$1.7M, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are A$53.4M and A$23.6M respectively.
Key information
5.8%
Debt to equity ratio
AU$1.73m
Debt
Interest coverage ratio | n/a |
Cash | AU$16.78m |
Equity | AU$29.81m |
Total liabilities | AU$23.60m |
Total assets | AU$53.42m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTG's short term assets (A$22.4M) exceed its short term liabilities (A$12.0M).
Long Term Liabilities: VTG's short term assets (A$22.4M) exceed its long term liabilities (A$11.6M).
Debt to Equity History and Analysis
Debt Level: VTG has more cash than its total debt.
Reducing Debt: VTG's debt to equity ratio has reduced from 12.4% to 5.8% over the past 5 years.
Debt Coverage: VTG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if VTG's interest payments on its debt are well covered by EBIT.