Vodafone Group Balance Sheet Health
Financial Health criteria checks 3/6
Vodafone Group has a total shareholder equity of €61.0B and total debt of €48.8B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are €144.4B and €83.4B respectively. Vodafone Group's EBIT is €3.5B making its interest coverage ratio 2. It has cash and short-term investments of €10.5B.
Key information
80.1%
Debt to equity ratio
€48.84b
Debt
| Interest coverage ratio | 2x |
| Cash | €10.53b |
| Equity | €61.00b |
| Total liabilities | €83.35b |
| Total assets | €144.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOD's short term assets (€39.6B) exceed its short term liabilities (€30.2B).
Long Term Liabilities: VOD's short term assets (€39.6B) do not cover its long term liabilities (€53.2B).
Debt to Equity History and Analysis
Debt Level: VOD's net debt to equity ratio (62.8%) is considered high.
Reducing Debt: VOD's debt to equity ratio has reduced from 90.2% to 80.1% over the past 5 years.
Debt Coverage: VOD's debt is well covered by operating cash flow (33.9%).
Interest Coverage: VOD's interest payments on its debt are not well covered by EBIT (2x coverage).