Venture Life Group Balance Sheet Health
Financial Health criteria checks 3/6
Venture Life Group has a total shareholder equity of £73.9M and total debt of £19.0M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are £116.7M and £42.7M respectively. Venture Life Group's EBIT is £3.8M making its interest coverage ratio 1.7. It has cash and short-term investments of £3.7M.
Key information
25.7%
Debt to equity ratio
UK£19.00m
Debt
Interest coverage ratio | 1.7x |
Cash | UK£3.66m |
Equity | UK£73.93m |
Total liabilities | UK£42.74m |
Total assets | UK£116.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 17V's short term assets (£29.4M) exceed its short term liabilities (£10.8M).
Long Term Liabilities: 17V's short term assets (£29.4M) do not cover its long term liabilities (£32.0M).
Debt to Equity History and Analysis
Debt Level: 17V's net debt to equity ratio (20.8%) is considered satisfactory.
Reducing Debt: 17V's debt to equity ratio has reduced from 85.5% to 25.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if 17V has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 17V has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.