Vanquis Banking Group Balance Sheet Health
Financial Health criteria checks 2/6
Vanquis Banking Group has a total shareholder equity of £583.1M and total debt of £2.5B, which brings its debt-to-equity ratio to 434.7%. Its total assets and total liabilities are £3.2B and £2.6B respectively.
Key information
434.7%
Debt to equity ratio
UK£2.53b
Debt
| Interest coverage ratio | n/a |
| Cash | UK£750.00m |
| Equity | UK£583.10m |
| Total liabilities | UK£2.63b |
| Total assets | UK£3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VANQ's short term assets (£3.0B) exceed its short term liabilities (£1.2B).
Long Term Liabilities: VANQ's short term assets (£3.0B) exceed its long term liabilities (£1.5B).
Debt to Equity History and Analysis
Debt Level: VANQ's net debt to equity ratio (306.1%) is considered high.
Reducing Debt: VANQ's debt to equity ratio has increased from 288.7% to 434.7% over the past 5 years.
Debt Coverage: VANQ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if VANQ's interest payments on its debt are well covered by EBIT.