Velgraf Asset Management AD Balance Sheet Health
Financial Health criteria checks 2/6
Velgraf Asset Management AD has a total shareholder equity of BGN118.1M and total debt of BGN113.0M, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are BGN239.2M and BGN121.1M respectively. Velgraf Asset Management AD's EBIT is BGN2.8M making its interest coverage ratio 1.2. It has cash and short-term investments of BGN8.7M.
Key information
95.7%
Debt to equity ratio
лв113.02m
Debt
Interest coverage ratio | 1.2x |
Cash | лв8.70m |
Equity | лв118.13m |
Total liabilities | лв121.07m |
Total assets | лв239.20m |
Financial Position Analysis
Short Term Liabilities: VAM's short term assets (BGN99.8M) exceed its short term liabilities (BGN65.7M).
Long Term Liabilities: VAM's short term assets (BGN99.8M) exceed its long term liabilities (BGN55.4M).
Debt to Equity History and Analysis
Debt Level: VAM's net debt to equity ratio (88.3%) is considered high.
Reducing Debt: VAM's debt to equity ratio has increased from 17.1% to 95.7% over the past 5 years.
Debt Coverage: VAM's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: VAM's interest payments on its debt are not well covered by EBIT (1.2x coverage).