Vitesco Technologies Group Balance Sheet Health
Financial Health criteria checks 5/6
Vitesco Technologies Group has a total shareholder equity of €2.9B and total debt of €701.2M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are €7.4B and €4.5B respectively. Vitesco Technologies Group's EBIT is €392.8M making its interest coverage ratio 10.8. It has cash and short-term investments of €741.3M.
Key information
23.9%
Debt to equity ratio
€701.20m
Debt
| Interest coverage ratio | 10.8x |
| Cash | €741.30m |
| Equity | €2.93b |
| Total liabilities | €4.50b |
| Total assets | €7.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTS's short term assets (€3.5B) exceed its short term liabilities (€2.9B).
Long Term Liabilities: VTS's short term assets (€3.5B) exceed its long term liabilities (€1.6B).
Debt to Equity History and Analysis
Debt Level: VTS has more cash than its total debt.
Reducing Debt: VTS's debt to equity ratio has increased from 20.1% to 23.9% over the past 5 years.
Debt Coverage: VTS's debt is well covered by operating cash flow (41.1%).
Interest Coverage: VTS's interest payments on its debt are well covered by EBIT (10.8x coverage).