Vericity Balance Sheet Health
Financial Health criteria checks 4/6
Vericity has a total shareholder equity of $103.2M and total debt of $51.3M, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are $827.3M and $724.1M respectively.
Key information
49.7%
Debt to equity ratio
US$51.26m
Debt
Interest coverage ratio | n/a |
Cash | US$14.57m |
Equity | US$103.21m |
Total liabilities | US$724.13m |
Total assets | US$827.33m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2TE's short term assets ($316.8M) exceed its short term liabilities ($41.2M).
Long Term Liabilities: 2TE's short term assets ($316.8M) do not cover its long term liabilities ($682.9M).
Debt to Equity History and Analysis
Debt Level: 2TE's net debt to equity ratio (35.5%) is considered satisfactory.
Reducing Debt: 2TE's debt to equity ratio has increased from 8.4% to 49.7% 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: Whilst unprofitable 2TE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2TE is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.7% per year.