Vanquis Banking Group Balance Sheet Health
Financial Health criteria checks 2/6
Vanquis Banking Group has a total shareholder equity of £529.7M and total debt of £2.5B, which brings its debt-to-equity ratio to 462.8%. Its total assets and total liabilities are £3.1B and £2.6B respectively.
Key information
462.8%
Debt to equity ratio
UK£2.45b
Debt
| Interest coverage ratio | n/a |
| Cash | UK£779.00m |
| Equity | UK£529.70m |
| Total liabilities | UK£2.56b |
| Total assets | UK£3.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VANQ's short term assets (£2.9B) exceed its short term liabilities (£61.1M).
Long Term Liabilities: VANQ's short term assets (£2.9B) exceed its long term liabilities (£2.5B).
Debt to Equity History and Analysis
Debt Level: VANQ's net debt to equity ratio (315.7%) is considered high.
Reducing Debt: VANQ's debt to equity ratio has increased from 308.2% to 462.8% over the past 5 years.
Debt Coverage: VANQ's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: Insufficient data to determine if VANQ's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:54 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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
Vanquis Banking Group plc is covered by 29 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Charles Coyne | Arden Partners Plc. |
| Toni Dang | Barclays |
| Donald Tait | Berenberg |