Veracruz Properties SOCIMI Balance Sheet Health
Financial Health criteria checks 2/6
Veracruz Properties SOCIMI has a total shareholder equity of €59.5M and total debt of €29.8M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are €93.8M and €34.3M respectively. Veracruz Properties SOCIMI's EBIT is €4.3M making its interest coverage ratio 5.1. It has cash and short-term investments of €1.1M.
Key information
50.0%
Debt to equity ratio
€29.76m
Debt
| Interest coverage ratio | 5.1x |
| Cash | €1.06m |
| Equity | €59.47m |
| Total liabilities | €34.33m |
| Total assets | €93.80m |
Financial Position Analysis
Short Term Liabilities: YVCP's short term assets (€2.1M) do not cover its short term liabilities (€6.5M).
Long Term Liabilities: YVCP's short term assets (€2.1M) do not cover its long term liabilities (€27.8M).
Debt to Equity History and Analysis
Debt Level: YVCP's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: YVCP's debt to equity ratio has reduced from 97.4% to 50% over the past 5 years.
Debt Coverage: YVCP's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: YVCP's interest payments on its debt are well covered by EBIT (5.1x coverage).