Vertex Balance Sheet Health
Financial Health criteria checks 6/6
Vertex has a total shareholder equity of $259.0M and total debt of $334.7M, which brings its debt-to-equity ratio to 129.2%. Its total assets and total liabilities are $1.2B and $931.8M respectively. Vertex's EBIT is $17.1M making its interest coverage ratio 11. It has cash and short-term investments of $286.4M.
Key information
129.2%
Debt to equity ratio
US$334.66m
Debt
| Interest coverage ratio | 11x |
| Cash | US$286.44m |
| Equity | US$259.03m |
| Total liabilities | US$931.81m |
| Total assets | US$1.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 56X's short term assets ($476.6M) exceed its short term liabilities ($457.9M).
Long Term Liabilities: 56X's short term assets ($476.6M) exceed its long term liabilities ($473.9M).
Debt to Equity History and Analysis
Debt Level: 56X's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: 56X had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 56X's debt is well covered by operating cash flow (51.2%).
Interest Coverage: 56X's interest payments on its debt are well covered by EBIT (11x coverage).