VEON Balance Sheet Health
Financial Health criteria checks 1/6
VEON has a total shareholder equity of $1.6B and total debt of $9.0B, which brings its debt-to-equity ratio to 574.9%. Its total assets and total liabilities are $17.7B and $16.1B respectively. VEON's EBIT is $1.5B making its interest coverage ratio 2. It has cash and short-term investments of $2.5B.
Key information
574.9%
Debt to equity ratio
US$8.99b
Debt
Interest coverage ratio | 2x |
Cash | US$2.45b |
Equity | US$1.56b |
Total liabilities | US$16.13b |
Total assets | US$17.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 35V1's short term assets ($5.7B) do not cover its short term liabilities ($6.5B).
Long Term Liabilities: 35V1's short term assets ($5.7B) do not cover its long term liabilities ($9.6B).
Debt to Equity History and Analysis
Debt Level: 35V1's net debt to equity ratio (418%) is considered high.
Reducing Debt: 35V1's debt to equity ratio has increased from 239.3% to 574.9% over the past 5 years.
Debt Coverage: 35V1's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 35V1's interest payments on its debt are not well covered by EBIT (2x coverage).