BOE Varitronix Balance Sheet Health
Financial Health criteria checks 5/6
BOE Varitronix has a total shareholder equity of HK$4.4B and total debt of HK$606.7M, which brings its debt-to-equity ratio to 13.7%. Its total assets and total liabilities are HK$10.8B and HK$6.4B respectively. BOE Varitronix's EBIT is HK$375.4M making its interest coverage ratio -4.4. It has cash and short-term investments of HK$3.9B.
Key information
13.7%
Debt to equity ratio
HK$606.69m
Debt
| Interest coverage ratio | -4.4x |
| Cash | HK$3.90b |
| Equity | HK$4.42b |
| Total liabilities | HK$6.39b |
| Total assets | HK$10.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTX's short term assets (HK$8.6B) exceed its short term liabilities (HK$5.8B).
Long Term Liabilities: VTX's short term assets (HK$8.6B) exceed its long term liabilities (HK$638.5M).
Debt to Equity History and Analysis
Debt Level: VTX has more cash than its total debt.
Reducing Debt: VTX's debt to equity ratio has increased from 0% to 13.7% over the past 5 years.
Debt Coverage: VTX's debt is well covered by operating cash flow (389.2%).
Interest Coverage: VTX earns more interest than it pays, so coverage of interest payments is not a concern.