Veeco Instruments Balance Sheet Health
Financial Health criteria checks 6/6
Veeco Instruments has a total shareholder equity of $687.9M and total debt of $275.2M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are $1.2B and $545.8M respectively. Veeco Instruments's EBIT is $82.8M making its interest coverage ratio -258.7. It has cash and short-term investments of $296.9M.
Key information
40.0%
Debt to equity ratio
US$275.24m
Debt
Interest coverage ratio | -258.7x |
Cash | US$296.88m |
Equity | US$687.91m |
Total liabilities | US$545.78m |
Total assets | US$1.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEO's short term assets ($715.9M) exceed its short term liabilities ($234.4M).
Long Term Liabilities: VEO's short term assets ($715.9M) exceed its long term liabilities ($311.4M).
Debt to Equity History and Analysis
Debt Level: VEO has more cash than its total debt.
Reducing Debt: VEO's debt to equity ratio has reduced from 68.9% to 40% 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 VEO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VEO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 47.5% per year.