Verve Group Balance Sheet Health
Financial Health criteria checks 0/6
Verve Group has a total shareholder equity of €364.6M and total debt of €448.7M, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are €1.0B and €658.9M respectively. Verve Group's EBIT is €31.2M making its interest coverage ratio 0.6. It has cash and short-term investments of €124.7M.
Key information
123.0%
Debt to equity ratio
€448.67m
Debt
Interest coverage ratio | 0.6x |
Cash | €124.68m |
Equity | €364.63m |
Total liabilities | €658.91m |
Total assets | €1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M8G's short term assets (€195.1M) do not cover its short term liabilities (€245.4M).
Long Term Liabilities: M8G's short term assets (€195.1M) do not cover its long term liabilities (€413.5M).
Debt to Equity History and Analysis
Debt Level: M8G's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: M8G's debt to equity ratio has increased from 16.3% to 123% over the past 5 years.
Debt Coverage: M8G's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: M8G's interest payments on its debt are not well covered by EBIT (0.6x coverage).