Vertex Resource Group Balance Sheet Health
Financial Health criteria checks 2/6
Vertex Resource Group has a total shareholder equity of CA$66.9M and total debt of CA$91.9M, which brings its debt-to-equity ratio to 137.3%. Its total assets and total liabilities are CA$244.8M and CA$177.9M respectively. Vertex Resource Group's EBIT is CA$14.1M making its interest coverage ratio 1.3. It has cash and short-term investments of CA$1.0M.
Key information
137.3%
Debt to equity ratio
CA$91.89m
Debt
Interest coverage ratio | 1.3x |
Cash | CA$1.03m |
Equity | CA$66.91m |
Total liabilities | CA$177.86m |
Total assets | CA$244.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4X8's short term assets (CA$70.4M) exceed its short term liabilities (CA$69.2M).
Long Term Liabilities: 4X8's short term assets (CA$70.4M) do not cover its long term liabilities (CA$108.7M).
Debt to Equity History and Analysis
Debt Level: 4X8's net debt to equity ratio (135.8%) is considered high.
Reducing Debt: 4X8's debt to equity ratio has increased from 122% to 137.3% over the past 5 years.
Debt Coverage: 4X8's debt is well covered by operating cash flow (48.9%).
Interest Coverage: 4X8's interest payments on its debt are not well covered by EBIT (1.3x coverage).