Varta Balance Sheet Health
Financial Health criteria checks 2/6
Varta has a total shareholder equity of €175.3M and total debt of €143.7M, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are €1.1B and €970.5M respectively.
Key information
82.0%
Debt to equity ratio
€143.70m
Debt
| Interest coverage ratio | n/a |
| Cash | €39.84m |
| Equity | €175.31m |
| Total liabilities | €970.49m |
| Total assets | €1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VAR1's short term assets (€422.9M) exceed its short term liabilities (€421.4M).
Long Term Liabilities: VAR1's short term assets (€422.9M) do not cover its long term liabilities (€549.1M).
Debt to Equity History and Analysis
Debt Level: VAR1's net debt to equity ratio (59.2%) is considered high.
Reducing Debt: VAR1's debt to equity ratio has increased from 0% to 82% over the past 5 years.
Debt Coverage: VAR1's debt is well covered by operating cash flow (49%).
Interest Coverage: Insufficient data to determine if VAR1's interest payments on its debt are well covered by EBIT.