Varna-Plod Ad Balance Sheet Health
Financial Health criteria checks 6/6
Varna-Plod Ad has a total shareholder equity of BGN31.8M and total debt of BGN3.2M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are BGN37.7M and BGN5.8M respectively. Varna-Plod Ad's EBIT is BGN774.0K making its interest coverage ratio -2.8. It has cash and short-term investments of BGN9.9M.
Key information
10.1%
Debt to equity ratio
лв3.23m
Debt
Interest coverage ratio | -2.8x |
Cash | лв9.89m |
Equity | лв31.83m |
Total liabilities | лв5.82m |
Total assets | лв37.65m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: VPLD's short term assets (BGN13.1M) exceed its short term liabilities (BGN4.6M).
Long Term Liabilities: VPLD's short term assets (BGN13.1M) exceed its long term liabilities (BGN1.2M).
Debt to Equity History and Analysis
Debt Level: VPLD has more cash than its total debt.
Reducing Debt: VPLD's debt to equity ratio has reduced from 11.5% to 10.1% over the past 5 years.
Debt Coverage: VPLD's debt is well covered by operating cash flow (62%).
Interest Coverage: VPLD earns more interest than it pays, so coverage of interest payments is not a concern.