Velocity Composites Balance Sheet Health
Financial Health criteria checks 3/6
Velocity Composites has a total shareholder equity of £6.0M and total debt of £1.2M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are £12.5M and £6.5M respectively.
Key information
20.3%
Debt to equity ratio
UK£1.22m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£1.79m |
| Equity | UK£6.01m |
| Total liabilities | UK£6.50m |
| Total assets | UK£12.52m |
Recent financial health updates
Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?
Sep 28
Is Velocity Composites (LON:VEL) Using Too Much Debt?
Apr 19Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?
Oct 01Is Velocity Composites (LON:VEL) Weighed On By Its Debt Load?
Jan 26Velocity Composites (LON:VEL) Has Debt But No Earnings; Should You Worry?
Jul 21Health Check: How Prudently Does Velocity Composites (LON:VEL) Use Debt?
Jan 28
Recent updates
It's Down 29% But Velocity Composites plc (LON:VEL) Could Be Riskier Than It Looks
Nov 05Velocity Composites plc (LON:VEL) Doing What It Can To Lift Shares
Sep 21Cautious Investors Not Rewarding Velocity Composites plc's (LON:VEL) Performance Completely
May 03Velocity Composites plc's (LON:VEL) CEO Looks Like They Deserve Their Pay Packet
Mar 06Is There An Opportunity With Velocity Composites plc's (LON:VEL) 34% Undervaluation?
Feb 24Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?
Sep 28Velocity Composites plc (LON:VEL) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Jul 18Is Velocity Composites (LON:VEL) Using Too Much Debt?
Apr 19There Could Be A Chance Velocity Composites plc's (LON:VEL) CEO Will Have Their Compensation Increased
Feb 22Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?
Oct 01Is Velocity Composites (LON:VEL) Weighed On By Its Debt Load?
Jan 26Velocity Composites (LON:VEL) Has Debt But No Earnings; Should You Worry?
Jul 21Health Check: How Prudently Does Velocity Composites (LON:VEL) Use Debt?
Jan 28Financial Position Analysis
Short Term Liabilities: VEL's short term assets (£7.8M) exceed its short term liabilities (£4.5M).
Long Term Liabilities: VEL's short term assets (£7.8M) exceed its long term liabilities (£2.0M).
Debt to Equity History and Analysis
Debt Level: VEL has more cash than its total debt.
Reducing Debt: VEL's debt to equity ratio has increased from 0% to 20.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VEL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if VEL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.