Virtus Investment Partners Balance Sheet Health
Financial Health criteria checks 5/6
Virtus Investment Partners has a total shareholder equity of $973.2M and total debt of $331.6M, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are $3.7B and $2.7B respectively. Virtus Investment Partners's EBIT is $152.4M making its interest coverage ratio -5. It has cash and short-term investments of $340.3M.
Key information
34.1%
Debt to equity ratio
US$331.55m
Debt
Interest coverage ratio | -5x |
Cash | US$340.33m |
Equity | US$973.16m |
Total liabilities | US$2.71b |
Total assets | US$3.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VIP's short term assets ($450.1M) exceed its short term liabilities ($274.6M).
Long Term Liabilities: VIP's short term assets ($450.1M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: VIP has more cash than its total debt.
Reducing Debt: VIP's debt to equity ratio has reduced from 45% to 34.1% over the past 5 years.
Debt Coverage: VIP's debt is well covered by operating cash flow (71.5%).
Interest Coverage: VIP earns more interest than it pays, so coverage of interest payments is not a concern.