Volution Group Balance Sheet Health
Financial Health criteria checks 5/6
Volution Group has a total shareholder equity of £235.4M and total debt of £81.3M, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are £444.9M and £209.5M respectively. Volution Group's EBIT is £64.3M making its interest coverage ratio 10.3. It has cash and short-term investments of £17.1M.
Key information
34.5%
Debt to equity ratio
UK£81.29m
Debt
Interest coverage ratio | 10.3x |
Cash | UK£17.08m |
Equity | UK£235.36m |
Total liabilities | UK£209.52m |
Total assets | UK£444.87m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VO1's short term assets (£129.3M) exceed its short term liabilities (£67.6M).
Long Term Liabilities: VO1's short term assets (£129.3M) do not cover its long term liabilities (£141.9M).
Debt to Equity History and Analysis
Debt Level: VO1's net debt to equity ratio (27.3%) is considered satisfactory.
Reducing Debt: VO1's debt to equity ratio has reduced from 49.5% to 34.5% over the past 5 years.
Debt Coverage: VO1's debt is well covered by operating cash flow (92.7%).
Interest Coverage: VO1's interest payments on its debt are well covered by EBIT (10.3x coverage).