Varia US Properties Balance Sheet Health
Financial Health criteria checks 1/6
Varia US Properties has a total shareholder equity of $397.3M and total debt of $868.4M, which brings its debt-to-equity ratio to 218.6%. Its total assets and total liabilities are $1.4B and $969.6M respectively. Varia US Properties's EBIT is $56.2M making its interest coverage ratio 1.2. It has cash and short-term investments of $49.6M.
Key information
218.6%
Debt to equity ratio
US$868.39m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$49.63m |
| Equity | US$397.25m |
| Total liabilities | US$969.62m |
| Total assets | US$1.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VARN's short term assets ($57.2M) exceed its short term liabilities ($52.7M).
Long Term Liabilities: VARN's short term assets ($57.2M) do not cover its long term liabilities ($916.9M).
Debt to Equity History and Analysis
Debt Level: VARN's net debt to equity ratio (206.1%) is considered high.
Reducing Debt: VARN's debt to equity ratio has increased from 136.1% to 218.6% over the past 5 years.
Debt Coverage: VARN's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: VARN's interest payments on its debt are not well covered by EBIT (1.2x coverage).