Victrex Balance Sheet Health
Financial Health criteria checks 5/6
Victrex has a total shareholder equity of £501.0M and total debt of £39.7M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are £626.6M and £125.6M respectively. Victrex's EBIT is £88.3M making its interest coverage ratio -147.2. It has cash and short-term investments of £33.5M.
Key information
7.9%
Debt to equity ratio
UK£39.70m
Debt
Interest coverage ratio | -147.2x |
Cash | UK£33.50m |
Equity | UK£501.00m |
Total liabilities | UK£125.60m |
Total assets | UK£626.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1OY's short term assets (£218.5M) exceed its short term liabilities (£45.7M).
Long Term Liabilities: 1OY's short term assets (£218.5M) exceed its long term liabilities (£79.9M).
Debt to Equity History and Analysis
Debt Level: 1OY's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 1OY's debt to equity ratio has increased from 0% to 7.9% over the past 5 years.
Debt Coverage: 1OY's debt is well covered by operating cash flow (105%).
Interest Coverage: 1OY earns more interest than it pays, so coverage of interest payments is not a concern.