VEON Balance Sheet Health
Financial Health criteria checks 2/6
VEON has a total shareholder equity of $1.1B and total debt of $3.8B, which brings its debt-to-equity ratio to 350.9%. Its total assets and total liabilities are $8.2B and $7.1B respectively. VEON's EBIT is $921.0M making its interest coverage ratio 2. It has cash and short-term investments of $1.7B.
Key information
350.9%
Debt to equity ratio
US$3.78b
Debt
Interest coverage ratio | 2x |
Cash | US$1.74b |
Equity | US$1.08b |
Total liabilities | US$7.14b |
Total assets | US$8.22b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEONA's short term assets ($2.7B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: VEONA's short term assets ($2.7B) do not cover its long term liabilities ($4.9B).
Debt to Equity History and Analysis
Debt Level: VEONA's net debt to equity ratio (189.5%) is considered high.
Reducing Debt: VEONA's debt to equity ratio has increased from 282.7% to 350.9% over the past 5 years.
Debt Coverage: VEONA's debt is well covered by operating cash flow (59.2%).
Interest Coverage: VEONA's interest payments on its debt are not well covered by EBIT (2x coverage).