Veritiv Balance Sheet Health
Financial Health criteria checks 6/6
Veritiv has a total shareholder equity of $937.5M and total debt of $34.4M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are $2.0B and $1.1B respectively. Veritiv's EBIT is $377.4M making its interest coverage ratio 15. It has cash and short-term investments of $40.2M.
Key information
3.7%
Debt to equity ratio
US$34.40m
Debt
Interest coverage ratio | 15x |
Cash | US$40.20m |
Equity | US$937.50m |
Total liabilities | US$1.06b |
Total assets | US$2.00b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 288's short term assets ($1.4B) exceed its short term liabilities ($669.2M).
Long Term Liabilities: 288's short term assets ($1.4B) exceed its long term liabilities ($388.7M).
Debt to Equity History and Analysis
Debt Level: 288 has more cash than its total debt.
Reducing Debt: 288's debt to equity ratio has reduced from 191.9% to 3.7% over the past 5 years.
Debt Coverage: 288's debt is well covered by operating cash flow (1112.8%).
Interest Coverage: 288's interest payments on its debt are well covered by EBIT (15x coverage).