Victrex Balance Sheet Health
Financial Health criteria checks 5/6
Victrex has a total shareholder equity of £460.8M and total debt of £68.7M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are £607.0M and £146.2M respectively. Victrex's EBIT is £65.4M making its interest coverage ratio 218. It has cash and short-term investments of £28.5M.
Key information
14.9%
Debt to equity ratio
UK£68.70m
Debt
| Interest coverage ratio | 218x |
| Cash | UK£28.50m |
| Equity | UK£460.80m |
| Total liabilities | UK£146.20m |
| Total assets | UK£607.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VCTL's short term assets (£212.1M) exceed its short term liabilities (£40.0M).
Long Term Liabilities: VCTL's short term assets (£212.1M) exceed its long term liabilities (£106.2M).
Debt to Equity History and Analysis
Debt Level: VCTL's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: VCTL's debt to equity ratio has increased from 0% to 14.9% over the past 5 years.
Debt Coverage: VCTL's debt is well covered by operating cash flow (73.8%).
Interest Coverage: VCTL's interest payments on its debt are well covered by EBIT (218x coverage).