VEON Balance Sheet Health
Financial Health criteria checks 2/6
VEON has a total shareholder equity of $1.1B and total debt of $3.3B, which brings its debt-to-equity ratio to 296.8%. Its total assets and total liabilities are $7.3B and $6.2B respectively. VEON's EBIT is $968.0M making its interest coverage ratio 2.1. It has cash and short-term investments of $1.4B.
Key information
296.8%
Debt to equity ratio
US$3.34b
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$1.43b |
| Equity | US$1.13b |
| Total liabilities | US$6.20b |
| Total assets | US$7.33b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEONA's short term assets ($2.4B) do not cover its short term liabilities ($3.1B).
Long Term Liabilities: VEONA's short term assets ($2.4B) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: VEONA's net debt to equity ratio (169.4%) is considered high.
Reducing Debt: VEONA's debt to equity ratio has reduced from 336.9% to 296.8% over the past 5 years.
Debt Coverage: VEONA's debt is well covered by operating cash flow (63.2%).
Interest Coverage: VEONA's interest payments on its debt are not well covered by EBIT (2.1x coverage).