Vecima Networks Balance Sheet Health
Financial Health criteria checks 4/6
Vecima Networks has a total shareholder equity of CA$220.7M and total debt of CA$57.7M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are CA$376.6M and CA$155.9M respectively. Vecima Networks's EBIT is CA$22.2M making its interest coverage ratio 5.6. It has cash and short-term investments of CA$2.6M.
Key information
26.1%
Debt to equity ratio
CA$57.70m
Debt
| Interest coverage ratio | 5.6x |
| Cash | CA$2.59m |
| Equity | CA$220.73m |
| Total liabilities | CA$155.89m |
| Total assets | CA$376.62m |
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
Why 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 17Vecima Networks (TSE:VCM) Has Affirmed Its Dividend Of CA$0.055
Nov 14Does Vecima Networks' (TSE:VCM) Share Price Gain of 71% Match Its Business Performance?
Mar 17Vecima Networks Inc.'s (TSE:VCM) Financial Prospects Don't Look Very Positive: Could It Mean A Stock Price Drop In The Future?
Jan 19
Financial Position Analysis
Short Term Liabilities: VCM's short term assets (CA$218.5M) exceed its short term liabilities (CA$138.1M).
Long Term Liabilities: VCM's short term assets (CA$218.5M) exceed its long term liabilities (CA$17.8M).
Debt to Equity History and Analysis
Debt Level: VCM's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: VCM's debt to equity ratio has increased from 1.1% to 26.1% over the past 5 years.
Debt Coverage: VCM's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: VCM's interest payments on its debt are well covered by EBIT (5.6x coverage).