Vela Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Vela Technologies has a total shareholder equity of £7.5M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £7.5M and £35.0K respectively. Vela Technologies's EBIT is £810.0K making its interest coverage ratio -26.1. It has cash and short-term investments of £31.0K.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | -26.1x |
Cash | UK£31.00k |
Equity | UK£7.51m |
Total liabilities | UK£35.00k |
Total assets | UK£7.54m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VELA's short term assets (£49.0K) exceed its short term liabilities (£35.0K).
Long Term Liabilities: VELA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VELA is debt free.
Reducing Debt: VELA has no debt compared to 5 years ago when its debt to equity ratio was 39%.
Debt Coverage: VELA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VELA has no debt, therefore coverage of interest payments is not a concern.