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 $78.4M making its interest coverage ratio 3.8. 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 | 3.8x |
| 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 (3.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:03 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Volex plc is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eleanor Spencer | Berenberg |
| Matthew Abraham | Berenberg |
| James Wood | Canaccord Genuity |