Vastned Belgium Balance Sheet Health
Financial Health criteria checks 4/6
Vastned Belgium has a total shareholder equity of €236.2M and total debt of €74.5M, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are €318.0M and €81.8M respectively. Vastned Belgium's EBIT is €16.0M making its interest coverage ratio 4.8. It has cash and short-term investments of €307.0K.
Key information
31.5%
Debt to equity ratio
€74.45m
Debt
Interest coverage ratio | 4.8x |
Cash | €307.00k |
Equity | €236.16m |
Total liabilities | €81.83m |
Total assets | €317.99m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: VASTBB's short term assets (€6.6M) exceed its short term liabilities (€6.5M).
Long Term Liabilities: VASTBB's short term assets (€6.6M) do not cover its long term liabilities (€75.3M).
Debt to Equity History and Analysis
Debt Level: VASTBB's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: VASTBB's debt to equity ratio has reduced from 37.6% to 31.5% over the past 5 years.
Debt Coverage: VASTBB's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: VASTBB's interest payments on its debt are well covered by EBIT (4.8x coverage).