Venture Life Group Balance Sheet Health
Financial Health criteria checks 5/6
Venture Life Group has a total shareholder equity of £74.3M and total debt of £16.1M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are £114.2M and £39.9M respectively. Venture Life Group's EBIT is £2.9M making its interest coverage ratio 1.4. It has cash and short-term investments of £5.6M.
Key information
21.7%
Debt to equity ratio
UK£16.13m
Debt
| Interest coverage ratio | 1.4x |
| Cash | UK£5.58m |
| Equity | UK£74.33m |
| Total liabilities | UK£39.91m |
| Total assets | UK£114.25m |
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 (£13.2M).
Long Term Liabilities: 17V's short term assets (£29.4M) exceed its long term liabilities (£26.7M).
Debt to Equity History and Analysis
Debt Level: 17V's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: 17V's debt to equity ratio has reduced from 23.7% to 21.7% over the past 5 years.
Debt Coverage: 17V's debt is well covered by operating cash flow (64.2%).
Interest Coverage: 17V's interest payments on its debt are not well covered by EBIT (1.4x coverage).