Vastned Belgium Balance Sheet Health
Financial Health criteria checks 3/6
Vastned Belgium has a total shareholder equity of €228.9M and total debt of €82.4M, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are €318.7M and €89.8M respectively. Vastned Belgium's EBIT is €16.2M making its interest coverage ratio 5.1. It has cash and short-term investments of €859.0K.
Key information
36.0%
Debt to equity ratio
€82.41m
Debt
| Interest coverage ratio | 5.1x |
| Cash | €859.00k |
| Equity | €228.89m |
| Total liabilities | €89.82m |
| Total assets | €318.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VASTBB's short term assets (€6.4M) do not cover its short term liabilities (€6.6M).
Long Term Liabilities: VASTBB's short term assets (€6.4M) do not cover its long term liabilities (€83.3M).
Debt to Equity History and Analysis
Debt Level: VASTBB's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: VASTBB's debt to equity ratio has reduced from 43.4% to 36% over the past 5 years.
Debt Coverage: VASTBB's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: VASTBB's interest payments on its debt are well covered by EBIT (5.1x coverage).