Vecima Networks Balance Sheet Health
Financial Health criteria checks 3/6
Vecima Networks has a total shareholder equity of CA$226.8M and total debt of CA$96.8M, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are CA$412.4M and CA$185.5M respectively. Vecima Networks's EBIT is CA$25.9M making its interest coverage ratio 5.4. It has cash and short-term investments of CA$3.3M.
Key information
42.7%
Debt to equity ratio
CA$96.80m
Debt
| Interest coverage ratio | 5.4x |
| Cash | CA$3.28m |
| Equity | CA$226.84m |
| Total liabilities | CA$185.52m |
| Total assets | CA$412.36m |
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 14Financial Position Analysis
Short Term Liabilities: VCM's short term assets (CA$250.0M) exceed its short term liabilities (CA$167.9M).
Long Term Liabilities: VCM's short term assets (CA$250.0M) exceed its long term liabilities (CA$17.7M).
Debt to Equity History and Analysis
Debt Level: VCM's net debt to equity ratio (41.2%) is considered high.
Reducing Debt: VCM's debt to equity ratio has increased from 1.1% to 42.7% over the past 5 years.
Debt Coverage: VCM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VCM's interest payments on its debt are well covered by EBIT (5.4x coverage).