Vertu Motors Balance Sheet Health
Financial Health criteria checks 5/6
Vertu Motors has a total shareholder equity of £363.2M and total debt of £122.5M, which brings its debt-to-equity ratio to 33.7%. Its total assets and total liabilities are £1.5B and £1.1B respectively. Vertu Motors's EBIT is £115.5M making its interest coverage ratio 5.1. It has cash and short-term investments of £38.6M.
Key information
33.7%
Debt to equity ratio
UK£122.52m
Debt
| Interest coverage ratio | 5.1x |
| Cash | UK£38.65m |
| Equity | UK£363.25m |
| Total liabilities | UK£1.11b |
| Total assets | UK£1.47b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: V2N's short term assets (£919.0M) exceed its short term liabilities (£887.1M).
Long Term Liabilities: V2N's short term assets (£919.0M) exceed its long term liabilities (£223.4M).
Debt to Equity History and Analysis
Debt Level: V2N's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: V2N's debt to equity ratio has increased from 24.2% to 33.7% over the past 5 years.
Debt Coverage: V2N's debt is well covered by operating cash flow (56.8%).
Interest Coverage: V2N's interest payments on its debt are well covered by EBIT (5.1x coverage).