Vector Group Balance Sheet Health
Financial Health criteria checks 1/6
Vector Group has a total shareholder equity of $-741.8M and total debt of $1.4B, which brings its debt-to-equity ratio to -184.9%. Its total assets and total liabilities are $934.1M and $1.7B respectively. Vector Group's EBIT is $345.5M making its interest coverage ratio 4.1. It has cash and short-term investments of $379.5M.
Key information
-184.9%
Debt to equity ratio
US$1.37b
Debt
Interest coverage ratio | 4.1x |
Cash | US$379.54m |
Equity | -US$741.81m |
Total liabilities | US$1.68b |
Total assets | US$934.10m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VGR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VGR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VGR has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VGR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: VGR's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: VGR's interest payments on its debt are well covered by EBIT (4.1x coverage).