Volvere Balance Sheet Health
Financial Health criteria checks 6/6
Volvere has a total shareholder equity of £35.3M and total debt of £1.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are £43.4M and £8.0M respectively. Volvere's EBIT is £1.9M making its interest coverage ratio -10.3. It has cash and short-term investments of £21.4M.
Key information
3.7%
Debt to equity ratio
UK£1.31m
Debt
Interest coverage ratio | -10.3x |
Cash | UK£21.41m |
Equity | UK£35.33m |
Total liabilities | UK£8.04m |
Total assets | UK£43.37m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VLE's short term assets (£35.4M) exceed its short term liabilities (£6.1M).
Long Term Liabilities: VLE's short term assets (£35.4M) exceed its long term liabilities (£2.0M).
Debt to Equity History and Analysis
Debt Level: VLE has more cash than its total debt.
Reducing Debt: VLE's debt to equity ratio has reduced from 5.2% to 3.7% over the past 5 years.
Debt Coverage: VLE's debt is well covered by operating cash flow (194.1%).
Interest Coverage: VLE earns more interest than it pays, so coverage of interest payments is not a concern.