Via Renewables Balance Sheet Health
Financial Health criteria checks 6/6
Via Renewables has a total shareholder equity of $143.5M and total debt of $91.0M, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are $302.7M and $159.1M respectively. Via Renewables's EBIT is $78.3M making its interest coverage ratio 9.2. It has cash and short-term investments of $57.4M.
Key information
63.4%
Debt to equity ratio
US$91.00m
Debt
| Interest coverage ratio | 9.2x |
| Cash | US$57.38m |
| Equity | US$143.51m |
| Total liabilities | US$159.15m |
| Total assets | US$302.66m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SLE1's short term assets ($159.3M) exceed its short term liabilities ($68.0M).
Long Term Liabilities: SLE1's short term assets ($159.3M) exceed its long term liabilities ($91.1M).
Debt to Equity History and Analysis
Debt Level: SLE1's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: SLE1's debt to equity ratio has reduced from 65.9% to 63.4% over the past 5 years.
Debt Coverage: SLE1's debt is well covered by operating cash flow (58.6%).
Interest Coverage: SLE1's interest payments on its debt are well covered by EBIT (9.2x coverage).