Vertex Resource Group Balance Sheet Health
Financial Health criteria checks 2/6
Vertex Resource Group has a total shareholder equity of CA$64.9M and total debt of CA$95.7M, which brings its debt-to-equity ratio to 147.5%. Its total assets and total liabilities are CA$242.2M and CA$177.3M respectively. Vertex Resource Group's EBIT is CA$12.1M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$3.9M.
Key information
147.5%
Debt to equity ratio
CA$95.71m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$3.88m |
| Equity | CA$64.87m |
| Total liabilities | CA$177.31m |
| Total assets | CA$242.17m |
Recent financial health updates
These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Sep 18
Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 04Here's Why Vertex Resource Group (CVE:VTX) Has A Meaningful Debt Burden
Jul 19Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 06Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Aug 12Is Vertex Resource Group (CVE:VTX) Using Too Much Debt?
Feb 24Recent updates
Market Cool On Vertex Resource Group Ltd.'s (CVE:VTX) Revenues
Jun 05This Is Why Vertex Resource Group Ltd.'s (CVE:VTX) CEO Compensation Looks Appropriate
May 09Investors Can Find Comfort In Vertex Resource Group's (CVE:VTX) Earnings Quality
Nov 20Should You Be Adding Vertex Resource Group (CVE:VTX) To Your Watchlist Today?
Oct 18These 4 Measures Indicate That Vertex Resource Group (CVE:VTX) Is Using Debt Extensively
Sep 18Should You Investigate Vertex Resource Group Ltd. (CVE:VTX) At CA$0.41?
Jun 17Vertex Resource Group Ltd.'s (CVE:VTX) Shareholders Might Be Looking For Exit
Apr 04What Is Vertex Resource Group Ltd.'s (CVE:VTX) Share Price Doing?
Feb 26Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 04When Should You Buy Vertex Resource Group Ltd. (CVE:VTX)?
Aug 25Here's Why Vertex Resource Group (CVE:VTX) Has A Meaningful Debt Burden
Jul 19Does Vertex Resource Group (CVE:VTX) Have A Healthy Balance Sheet?
Jan 06Returns On Capital Are Showing Encouraging Signs At Vertex Resource Group (CVE:VTX)
Oct 26Is Vertex Resource Group (CVE:VTX) A Risky Investment?
Aug 12Vertex Resource Group's (CVE:VTX) Returns On Capital Are Heading Higher
Jun 02Is Vertex Resource Group (CVE:VTX) Using Too Much Debt?
Feb 24What Do The Returns At Vertex Resource Group (CVE:VTX) Mean Going Forward?
Jan 20Key Things To Understand About Vertex Resource Group's (CVE:VTX) CEO Pay Cheque
Dec 16Financial Position Analysis
Short Term Liabilities: VTX's short term assets (CA$66.7M) exceed its short term liabilities (CA$62.6M).
Long Term Liabilities: VTX's short term assets (CA$66.7M) do not cover its long term liabilities (CA$114.7M).
Debt to Equity History and Analysis
Debt Level: VTX's net debt to equity ratio (141.6%) is considered high.
Reducing Debt: VTX's debt to equity ratio has increased from 123.1% to 147.5% over the past 5 years.
Debt Coverage: VTX's debt is well covered by operating cash flow (40.6%).
Interest Coverage: VTX's interest payments on its debt are not well covered by EBIT (1.1x coverage).