Vecima Networks Balance Sheet Health
Financial Health criteria checks 4/6
Vecima Networks has a total shareholder equity of CA$235.0M and total debt of CA$64.8M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are CA$387.8M and CA$152.9M respectively. Vecima Networks's EBIT is CA$30.4M making its interest coverage ratio 4.6. It has cash and short-term investments of CA$2.1M.
Key information
27.6%
Debt to equity ratio
CA$64.78m
Debt
| Interest coverage ratio | 4.6x |
| Cash | CA$2.14m |
| Equity | CA$234.96m |
| Total liabilities | CA$152.86m |
| Total assets | CA$387.82m |
Recent financial health updates
Does Vecima Networks (TSE:VCM) Have A Healthy Balance Sheet?
Feb 16
We Think Vecima Networks (TSE:VCM) Can Stay On Top Of Its Debt
Jun 20Recent updates
Vecima Networks (TSE:VCM) Is Paying Out A Dividend Of CA$0.055
Sep 21Why Investors Shouldn't Be Surprised By Vecima Networks Inc.'s (TSE:VCM) 31% Share Price Surge
Mar 13Vecima Networks (TSE:VCM) Shareholders Will Want The ROCE Trajectory To Continue
Mar 13Vecima Networks' (TSE:VCM) Soft Earnings Are Actually Better Than They Appear
Feb 21Vecima Networks (TSE:VCM) Will Pay A Dividend Of CA$0.055
Feb 17Does Vecima Networks (TSE:VCM) Have A Healthy Balance Sheet?
Feb 16Vecima Networks (TSE:VCM) Has Affirmed Its Dividend Of CA$0.055
Sep 24There's Been No Shortage Of Growth Recently For Vecima Networks' (TSE:VCM) Returns On Capital
May 12We Think Vecima Networks (TSE:VCM) Can Stay On Top Of Its Debt
Jun 20At CA$14.60, Is It Time To Put Vecima Networks Inc. (TSE:VCM) On Your Watch List?
May 25We Believe Vecima Networks' (TSE:VCM) Earnings Are A Poor Guide For Its Profitability
Feb 17Financial Position Analysis
Short Term Liabilities: VCM's short term assets (CA$217.6M) exceed its short term liabilities (CA$132.7M).
Long Term Liabilities: VCM's short term assets (CA$217.6M) exceed its long term liabilities (CA$20.1M).
Debt to Equity History and Analysis
Debt Level: VCM's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: VCM's debt to equity ratio has increased from 1.1% to 27.6% over the past 5 years.
Debt Coverage: VCM's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: VCM's interest payments on its debt are well covered by EBIT (4.6x coverage).