Veracruz Properties SOCIMI Balance Sheet Health
Financial Health criteria checks 2/6
Veracruz Properties SOCIMI has a total shareholder equity of €59.4M and total debt of €31.0M, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are €93.7M and €34.3M respectively. Veracruz Properties SOCIMI's EBIT is €4.3M making its interest coverage ratio 4.8. It has cash and short-term investments of €856.3K.
Key information
52.2%
Debt to equity ratio
€31.01m
Debt
| Interest coverage ratio | 4.8x |
| Cash | €856.27k |
| Equity | €59.37m |
| Total liabilities | €34.30m |
| Total assets | €93.67m |
Financial Position Analysis
Short Term Liabilities: YVCP's short term assets (€2.2M) do not cover its short term liabilities (€5.6M).
Long Term Liabilities: YVCP's short term assets (€2.2M) do not cover its long term liabilities (€28.7M).
Debt to Equity History and Analysis
Debt Level: YVCP's net debt to equity ratio (50.8%) is considered high.
Reducing Debt: YVCP's debt to equity ratio has reduced from 77.6% to 52.2% over the past 5 years.
Debt Coverage: YVCP's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: YVCP's interest payments on its debt are well covered by EBIT (4.8x coverage).