HarbourVest Global Private Equity Balance Sheet Health
Financial Health criteria checks 3/6
HarbourVest Global Private Equity has a total shareholder equity of $3.9B and total debt of $275.0M, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are $4.2B and $282.5M respectively. HarbourVest Global Private Equity's EBIT is $138.0M making its interest coverage ratio 9.5. It has cash and short-term investments of $140.2M.
Key information
7.0%
Debt to equity ratio
US$275.00m
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$140.16m |
| Equity | US$3.92b |
| Total liabilities | US$282.52m |
| Total assets | US$4.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9JF's short term assets ($140.2M) exceed its short term liabilities ($7.5M).
Long Term Liabilities: 9JF's short term assets ($140.2M) do not cover its long term liabilities ($275.0M).
Debt to Equity History and Analysis
Debt Level: 9JF's net debt to equity ratio (3.4%) is considered satisfactory.
Reducing Debt: 9JF's debt to equity ratio has increased from 0% to 7% over the past 5 years.
Debt Coverage: 9JF's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9JF's interest payments on its debt are well covered by EBIT (9.5x coverage).