Velgraf Asset Management AD Balance Sheet Health
Financial Health criteria checks 1/6
Velgraf Asset Management AD has a total shareholder equity of BGN118.0M and total debt of BGN118.5M, which brings its debt-to-equity ratio to 100.5%. Its total assets and total liabilities are BGN245.8M and BGN127.9M respectively. Velgraf Asset Management AD's EBIT is BGN3.0M making its interest coverage ratio 1. It has cash and short-term investments of BGN225.0K.
Key information
100.5%
Debt to equity ratio
лв118.54m
Debt
Interest coverage ratio | 1x |
Cash | лв225.00k |
Equity | лв117.96m |
Total liabilities | лв127.85m |
Total assets | лв245.81m |
Financial Position Analysis
Short Term Liabilities: VAM's short term assets (BGN68.1M) exceed its short term liabilities (BGN17.3M).
Long Term Liabilities: VAM's short term assets (BGN68.1M) do not cover its long term liabilities (BGN110.5M).
Debt to Equity History and Analysis
Debt Level: VAM's net debt to equity ratio (100.3%) is considered high.
Reducing Debt: VAM's debt to equity ratio has increased from 23.4% to 100.5% over the past 5 years.
Debt Coverage: VAM's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: VAM's interest payments on its debt are not well covered by EBIT (1x coverage).