Vedan International (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Vedan International (Holdings) has a total shareholder equity of $294.8M and total debt of $43.7M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are $383.5M and $88.7M respectively. Vedan International (Holdings)'s EBIT is $14.0M making its interest coverage ratio 7.8. It has cash and short-term investments of $50.4M.
Key information
14.8%
Debt to equity ratio
US$43.65m
Debt
Interest coverage ratio | 7.8x |
Cash | US$50.36m |
Equity | US$294.78m |
Total liabilities | US$88.73m |
Total assets | US$383.51m |
Recent financial health updates
Is Vedan International (Holdings) (HKG:2317) Using Too Much Debt?
Aug 24Vedan International (Holdings) (HKG:2317) Has A Somewhat Strained Balance Sheet
Sep 24We Think Vedan International (Holdings) (HKG:2317) Can Manage Its Debt With Ease
Apr 19Vedan International (Holdings) (HKG:2317) Has A Pretty Healthy Balance Sheet
Dec 24Recent updates
Is Vedan International (Holdings) (HKG:2317) Using Too Much Debt?
Aug 24Vedan International (Holdings) (HKG:2317) Has A Somewhat Strained Balance Sheet
Sep 24Calculating The Fair Value Of Vedan International (Holdings) Limited (HKG:2317)
Jul 21Returns On Capital Are Showing Encouraging Signs At Vedan International (Holdings) (HKG:2317)
May 16We Think Vedan International (Holdings) (HKG:2317) Can Manage Its Debt With Ease
Apr 19Is There More Growth In Store For Vedan International (Holdings)'s (HKG:2317) Returns On Capital?
Feb 15Does Vedan International (Holdings)'s (HKG:2317) Statutory Profit Adequately Reflect Its Underlying Profit?
Jan 19Vedan International (Holdings) (HKG:2317) Has A Pretty Healthy Balance Sheet
Dec 24Does Vedan International (Holdings)'s (HKG:2317) CEO Salary Compare Well With Industry Peers?
Dec 06Did You Participate In Any Of Vedan International (Holdings)'s (HKG:2317) Fantastic 139% Return ?
Nov 18Financial Position Analysis
Short Term Liabilities: 2317's short term assets ($232.7M) exceed its short term liabilities ($82.4M).
Long Term Liabilities: 2317's short term assets ($232.7M) exceed its long term liabilities ($6.4M).
Debt to Equity History and Analysis
Debt Level: 2317 has more cash than its total debt.
Reducing Debt: 2317's debt to equity ratio has increased from 12.6% to 14.8% over the past 5 years.
Debt Coverage: 2317's debt is well covered by operating cash flow (73.7%).
Interest Coverage: 2317's interest payments on its debt are well covered by EBIT (7.8x coverage).