Velocity Composites Balance Sheet Health
Financial Health criteria checks 3/6
Velocity Composites has a total shareholder equity of £6.6M and total debt of £1.5M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are £14.7M and £8.1M respectively.
Key information
23.5%
Debt to equity ratio
UK£1.54m
Debt
| Interest coverage ratio | n/a |
| Cash | UK£3.18m |
| Equity | UK£6.57m |
| Total liabilities | UK£8.13m |
| Total assets | UK£14.70m |
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
Velocity 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 (£9.6M) exceed its short term liabilities (£5.6M).
Long Term Liabilities: VEL's short term assets (£9.6M) exceed its long term liabilities (£2.6M).
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 6.7% to 23.5% 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.