Varia US Properties Balance Sheet Health
Financial Health criteria checks 1/6
Varia US Properties has a total shareholder equity of $360.2M and total debt of $785.2M, which brings its debt-to-equity ratio to 218%. Its total assets and total liabilities are $1.3B and $953.0M respectively. Varia US Properties's EBIT is $51.1M making its interest coverage ratio 1.3. It has cash and short-term investments of $38.1M.
Key information
218.0%
Debt to equity ratio
US$785.16m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$38.10m |
| Equity | US$360.20m |
| Total liabilities | US$953.01m |
| Total assets | US$1.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VARN's short term assets ($159.5M) exceed its short term liabilities ($113.5M).
Long Term Liabilities: VARN's short term assets ($159.5M) do not cover its long term liabilities ($839.5M).
Debt to Equity History and Analysis
Debt Level: VARN's net debt to equity ratio (207.4%) is considered high.
Reducing Debt: VARN's debt to equity ratio has increased from 160.1% to 218% over the past 5 years.
Debt Coverage: VARN's debt is not well covered by operating cash flow (6%).
Interest Coverage: VARN's interest payments on its debt are not well covered by EBIT (1.3x coverage).