Volex Balance Sheet Health
Financial Health criteria checks 4/6
Volex has a total shareholder equity of $352.6M and total debt of $169.6M, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are $917.6M and $565.0M respectively. Volex's EBIT is $80.1M making its interest coverage ratio 3.7. It has cash and short-term investments of $18.4M.
Key information
48.1%
Debt to equity ratio
US$169.60m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$18.40m |
| Equity | US$352.60m |
| Total liabilities | US$565.00m |
| Total assets | US$917.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 64K's short term assets ($459.9M) exceed its short term liabilities ($300.5M).
Long Term Liabilities: 64K's short term assets ($459.9M) exceed its long term liabilities ($264.5M).
Debt to Equity History and Analysis
Debt Level: 64K's net debt to equity ratio (42.9%) is considered high.
Reducing Debt: 64K's debt to equity ratio has increased from 7.9% to 48.1% over the past 5 years.
Debt Coverage: 64K's debt is well covered by operating cash flow (38.6%).
Interest Coverage: 64K's interest payments on its debt are well covered by EBIT (3.7x coverage).