Various Eateries Balance Sheet Health
Financial Health criteria checks 3/6
Various Eateries has a total shareholder equity of £11.3M and total debt of £13.5M, which brings its debt-to-equity ratio to 119.1%. Its total assets and total liabilities are £66.6M and £55.3M respectively.
Key information
119.1%
Debt to equity ratio
UK£13.51m
Debt
Interest coverage ratio | n/a |
Cash | UK£1.90m |
Equity | UK£11.34m |
Total liabilities | UK£55.30m |
Total assets | UK£66.64m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VARE's short term assets (£5.2M) do not cover its short term liabilities (£26.9M).
Long Term Liabilities: VARE's short term assets (£5.2M) do not cover its long term liabilities (£28.4M).
Debt to Equity History and Analysis
Debt Level: VARE's net debt to equity ratio (102.4%) is considered high.
Reducing Debt: VARE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: VARE has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VARE is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.