Veson Holdings Balance Sheet Health

Financial Health criteria checks 3/6

Veson Holdings has a total shareholder equity of CN¥1.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 117.9%. Its total assets and total liabilities are CN¥4.3B and CN¥3.2B respectively. Veson Holdings's EBIT is CN¥84.5M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥255.4M.

Key information

117.9%

Debt to equity ratio

CN¥1.28b

Debt

Interest coverage ratio	1.5x
Cash	CN¥255.43m
Equity	CN¥1.09b
Total liabilities	CN¥3.21b
Total assets	CN¥4.30b

Recent financial health updates

Veson Holdings (HKG:1399) Seems To Be Using A Lot Of Debt

Nov 12

Recent updates

We Think Veson Holdings' (HKG:1399) Profit Is Only A Baseline For What They Can Achieve

Sep 08

Shareholders May Find It Hard To Justify Increasing Veson Holdings Limited's (HKG:1399) CEO Compensation For Now

May 23

Here's Why We Don't Think Veson Holdings's (HKG:1399) Statutory Earnings Reflect Its Underlying Earnings Potential

Dec 07

Financial Position Analysis

Short Term Liabilities: 1399's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥3.0B).

Long Term Liabilities: 1399's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥248.2M).

Debt to Equity History and Analysis

Debt Level: 1399's net debt to equity ratio (94.4%) is considered high.

Reducing Debt: 1399's debt to equity ratio has increased from 34.8% to 117.9% over the past 5 years.

Debt Coverage: 1399's debt is well covered by operating cash flow (31.6%).

Interest Coverage: 1399's interest payments on its debt are not well covered by EBIT (1.5x coverage).

Veson Holdings Balance Sheet Health

Financial Health criteria checks 3/6

Key information

Recent financial health updates

Veson Holdings (HKG:1399) Seems To Be Using A Lot Of Debt

Recent updates

We Think Veson Holdings' (HKG:1399) Profit Is Only A Baseline For What They Can Achieve

New minor risk - Earnings quality

Veson Holdings Limited to Report First Half, 2024 Results on Aug 30, 2024

Shareholders May Find It Hard To Justify Increasing Veson Holdings Limited's (HKG:1399) CEO Compensation For Now

Full year 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.022 in FY 2022)

Veson Holdings Limited, Annual General Meeting, May 30, 2024

New minor risk - Financial data availability

Veson Holdings Limited to Report Fiscal Year 2023 Results on Mar 28, 2024

Here's What's Concerning About Veson Holdings' (HKG:1399) Returns On Capital

New minor risk - Share price stability

Veson Holdings Limited Announces Appointment of Mr. Ni Chen Hui as an Executive Director and A Member of the Corporate Governance Committee

Insufficient new directors

First half 2023 earnings released: CN¥0.013 loss per share (vs CN¥0.013 profit in 1H 2022)

New major risk - Revenue and earnings growth

Veson Holdings Limited Provides Earnings Guidance for the Six Months Period Ended 30 June 2023

Veson Holdings Limited to Report First Half, 2023 Results on Aug 31, 2023

Veson Holdings (HKG:1399) Hasn't Managed To Accelerate Its Returns

Return Trends At Veson Holdings (HKG:1399) Aren't Appealing

Returns At Veson Holdings (HKG:1399) Are On The Way Up

First half 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.01 in 1H 2021)

Veson Holdings Limited to Report Q2, 2022 Results on Aug 31, 2022

Investors Will Want Veson Holdings' (HKG:1399) Growth In ROCE To Persist

Veson Holdings Limited Announces Retirement of Mr. Hou Li as A Non-Executive Director

Less than half of directors are independent

Full year 2021 earnings released: EPS: CN¥0.039 (vs CN¥0.048 loss in FY 2020)

Veson Holdings Limited, Annual General Meeting, May 27, 2022

Veson Holdings (HKG:1399) Is Looking To Continue Growing Its Returns On Capital

Veson Holdings (HKG:1399) Seems To Be Using A Lot Of Debt

Veson Holdings (HKG:1399) Is Experiencing Growth In Returns On Capital

First half 2021 earnings released: EPS CN¥0.01 (vs CN¥0.026 loss in 1H 2020)

Full year 2020 earnings released: CN¥0.048 loss per share (vs CN¥0.048 profit in FY 2019)

Veson Holdings Limited to Report Fiscal Year 2020 Results on Mar 31, 2021

New 90-day low: HK$0.23

What Can The Trends At Veson Holdings (HKG:1399) Tell Us About Their Returns?

New 90-day high: HK$0.26

Here's Why We Don't Think Veson Holdings's (HKG:1399) Statutory Earnings Reflect Its Underlying Earnings Potential

First half earnings released

SCUD Group Limited to Report First Half, 2020 Results on Aug 31, 2020

New 90-day high - HK$0.26

New 90-day low - HK$0.22

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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