Vext Science Balance Sheet Health
Financial Health criteria checks 2/6
Vext Science has a total shareholder equity of $71.0M and total debt of $38.8M, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are $118.2M and $47.3M respectively. Vext Science's EBIT is $772.1K making its interest coverage ratio 0.2. It has cash and short-term investments of $3.6M.
Key information
54.6%
Debt to equity ratio
US$38.77m
Debt
| Interest coverage ratio | 0.2x |
| Cash | US$3.63m |
| Equity | US$70.96m |
| Total liabilities | US$47.26m |
| Total assets | US$118.22m |
Recent financial health updates
Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Aug 16
Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Jan 17We Think Vext Science (CSE:VEXT) Can Stay On Top Of Its Debt
Sep 29Vext Science (CSE:VEXT) Seems To Use Debt Quite Sensibly
Apr 29Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Nov 15Is Vext Science (CSE:VEXT) A Risky Investment?
Jul 15Recent updates
There Is A Reason Vext Science, Inc.'s (CSE:VEXT) Price Is Undemanding
Jan 16Is Now The Time To Put Vext Science (CSE:VEXT) On Your Watchlist?
Sep 29Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Aug 16Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Jan 17Shareholders May Be More Conservative With Vext Science, Inc.'s (CSE:VEXT) CEO Compensation For Now
Dec 09We Think Vext Science (CSE:VEXT) Can Stay On Top Of Its Debt
Sep 29Vext Science (CSE:VEXT) Seems To Use Debt Quite Sensibly
Apr 29Does Vext Science (CSE:VEXT) Have A Healthy Balance Sheet?
Nov 15Is Vext Science (CSE:VEXT) A Risky Investment?
Jul 15Weak Statutory Earnings May Not Tell The Whole Story For Vext Science (CSE:VEXT)
Apr 25Based On Its ROE, Is Vext Science, Inc. (CSE:VEXT) A High Quality Stock?
Jan 15Financial Position Analysis
Short Term Liabilities: VEXT's short term assets ($37.6M) exceed its short term liabilities ($10.4M).
Long Term Liabilities: VEXT's short term assets ($37.6M) exceed its long term liabilities ($36.9M).
Debt to Equity History and Analysis
Debt Level: VEXT's net debt to equity ratio (49.5%) is considered high.
Reducing Debt: VEXT's debt to equity ratio has increased from 8.6% to 54.6% over the past 5 years.
Debt Coverage: VEXT's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: VEXT's interest payments on its debt are not well covered by EBIT (0.2x coverage).