Vimi Fasteners Balance Sheet Health
Financial Health criteria checks 4/6
Vimi Fasteners has a total shareholder equity of €31.4M and total debt of €23.9M, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are €70.9M and €39.5M respectively. Vimi Fasteners's EBIT is €3.0M making its interest coverage ratio 3.8. It has cash and short-term investments of €2.5M.
Key information
76.2%
Debt to equity ratio
€23.88m
Debt
| Interest coverage ratio | 3.8x |
| Cash | €2.54m |
| Equity | €31.35m |
| Total liabilities | €39.52m |
| Total assets | €70.87m |
Recent financial health updates
Is Vimi Fasteners (BIT:VIM) A Risky Investment?
Nov 01
Health Check: How Prudently Does vimi fasteners (BIT:VIM) Use Debt?
Apr 05Recent updates
Vimi Fasteners (BIT:VIM) Has More To Do To Multiply In Value Going Forward
Feb 20Are Vimi Fasteners S.p.A. (BIT:VIM) Investors Paying Above The Intrinsic Value?
Jan 09Is Vimi Fasteners (BIT:VIM) A Risky Investment?
Nov 01Is There An Opportunity With Vimi Fasteners S.p.A.'s (BIT:VIM) 47% Undervaluation?
Mar 23Investors Could Be Concerned With Vimi Fasteners' (BIT:VIM) Returns On Capital
Feb 09Return Trends At vimi fasteners (BIT:VIM) Aren't Appealing
Sep 07Returns On Capital Signal Tricky Times Ahead For vimi fasteners (BIT:VIM)
Mar 03Health Check: How Prudently Does vimi fasteners (BIT:VIM) Use Debt?
Apr 05Should You Use vimi fasteners's (BIT:VIM) Statutory Earnings To Analyse It?
Dec 25
Financial Position Analysis
Short Term Liabilities: VIM's short term assets (€29.0M) exceed its short term liabilities (€12.9M).
Long Term Liabilities: VIM's short term assets (€29.0M) exceed its long term liabilities (€26.6M).
Debt to Equity History and Analysis
Debt Level: VIM's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: VIM's debt to equity ratio has increased from 58.3% to 76.2% over the past 5 years.
Debt Coverage: VIM's debt is well covered by operating cash flow (21.6%).
Interest Coverage: VIM's interest payments on its debt are well covered by EBIT (3.8x coverage).