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 ration/a
CashUK£1.79m
EquityUK£6.01m
Total liabilitiesUK£6.50m
Total assetsUK£12.52m

Recent financial health updates

Recent updates

When Should You Buy Velocity Composites plc (LON:VEL)?

Dec 13
When Should You Buy Velocity Composites plc (LON:VEL)?

It's Down 29% But Velocity Composites plc (LON:VEL) Could Be Riskier Than It Looks

Nov 05
It's Down 29% But Velocity Composites plc (LON:VEL) Could Be Riskier Than It Looks

Velocity Composites plc (LON:VEL) Doing What It Can To Lift Shares

Sep 21
Velocity Composites plc (LON:VEL) Doing What It Can To Lift Shares

Cautious Investors Not Rewarding Velocity Composites plc's (LON:VEL) Performance Completely

May 03
Cautious Investors Not Rewarding Velocity Composites plc's (LON:VEL) Performance Completely

Velocity Composites plc's (LON:VEL) CEO Looks Like They Deserve Their Pay Packet

Mar 06
Velocity Composites plc's (LON:VEL) CEO Looks Like They Deserve Their Pay Packet

Is There An Opportunity With Velocity Composites plc's (LON:VEL) 34% Undervaluation?

Feb 24
Is There An Opportunity With Velocity Composites plc's (LON:VEL) 34% Undervaluation?

Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?

Sep 28
Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?

Velocity Composites plc (LON:VEL) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jul 18
Velocity Composites plc (LON:VEL) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Is Velocity Composites (LON:VEL) Using Too Much Debt?

Apr 19
Is Velocity Composites (LON:VEL) Using Too Much Debt?

There Could Be A Chance Velocity Composites plc's (LON:VEL) CEO Will Have Their Compensation Increased

Feb 22
There Could Be A Chance Velocity Composites plc's (LON:VEL) CEO Will Have Their Compensation Increased

Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?

Oct 01
Does Velocity Composites (LON:VEL) Have A Healthy Balance Sheet?

Is Velocity Composites (LON:VEL) Weighed On By Its Debt Load?

Jan 26
Is Velocity Composites (LON:VEL) Weighed On By Its Debt Load?

Velocity Composites (LON:VEL) Has Debt But No Earnings; Should You Worry?

Jul 21
Velocity Composites (LON:VEL) Has Debt But No Earnings; Should You Worry?

Health Check: How Prudently Does Velocity Composites (LON:VEL) Use Debt?

Jan 28
Health Check: How Prudently Does Velocity Composites (LON:VEL) Use Debt?

Financial 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.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 14:29
End of Day Share Price 2024/12/23 00:00
Earnings2024/04/30
Annual Earnings2023/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Velocity Composites plc is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James WoodCanaccord Genuity
Mark HowsonDowgate Capital Stockbrokers Limited