Volution Group Balance Sheet Health
Financial Health criteria checks 6/6
Volution Group has a total shareholder equity of £245.9M and total debt of £60.0M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are £430.3M and £184.4M respectively. Volution Group's EBIT is £68.5M making its interest coverage ratio 10.6. It has cash and short-term investments of £18.2M.
Key information
24.4%
Debt to equity ratio
UK£59.96m
Debt
| Interest coverage ratio | 10.6x |
| Cash | UK£18.24m |
| Equity | UK£245.92m |
| Total liabilities | UK£184.39m |
| Total assets | UK£430.32m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VO1's short term assets (£127.0M) exceed its short term liabilities (£99.3M).
Long Term Liabilities: VO1's short term assets (£127.0M) exceed its long term liabilities (£85.1M).
Debt to Equity History and Analysis
Debt Level: VO1's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: VO1's debt to equity ratio has reduced from 48.5% to 24.4% over the past 5 years.
Debt Coverage: VO1's debt is well covered by operating cash flow (126.3%).
Interest Coverage: VO1's interest payments on its debt are well covered by EBIT (10.6x coverage).