Volex Balance Sheet Health
Financial Health criteria checks 4/6
Volex has a total shareholder equity of $311.9M and total debt of $181.9M, which brings its debt-to-equity ratio to 58.3%. Its total assets and total liabilities are $839.2M and $527.3M respectively. Volex's EBIT is $57.8M making its interest coverage ratio 5.5. It has cash and short-term investments of $47.2M.
Key information
58.3%
Debt to equity ratio
US$181.90m
Debt
Interest coverage ratio | 5.5x |
Cash | US$47.20m |
Equity | US$311.90m |
Total liabilities | US$527.30m |
Total assets | US$839.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 64K's short term assets ($427.9M) exceed its short term liabilities ($294.1M).
Long Term Liabilities: 64K's short term assets ($427.9M) exceed its long term liabilities ($233.2M).
Debt to Equity History and Analysis
Debt Level: 64K's net debt to equity ratio (43.2%) is considered high.
Reducing Debt: 64K's debt to equity ratio has increased from 0% to 58.3% over the past 5 years.
Debt Coverage: 64K's debt is well covered by operating cash flow (40.2%).
Interest Coverage: 64K's interest payments on its debt are well covered by EBIT (5.5x coverage).