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$619.9M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are HK$10.0B and HK$5.6B respectively. BOE Varitronix's EBIT is HK$431.4M making its interest coverage ratio -6.3. It has cash and short-term investments of HK$3.6B.
Key information
14.1%
Debt to equity ratio
HK$619.94m
Debt
Interest coverage ratio | -6.3x |
Cash | HK$3.58b |
Equity | HK$4.41b |
Total liabilities | HK$5.62b |
Total assets | HK$10.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTX's short term assets (HK$8.1B) exceed its short term liabilities (HK$5.0B).
Long Term Liabilities: VTX's short term assets (HK$8.1B) exceed its long term liabilities (HK$601.4M).
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 14.1% over the past 5 years.
Debt Coverage: VTX's debt is well covered by operating cash flow (191.3%).
Interest Coverage: VTX earns more interest than it pays, so coverage of interest payments is not a concern.