Velcan Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Velcan Holdings has a total shareholder equity of €130.9M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €133.5M and €2.6M respectively. Velcan Holdings's EBIT is €1.0M making its interest coverage ratio -0.6. It has cash and short-term investments of €40.3M.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | -0.6x |
| Cash | €40.28m |
| Equity | €130.90m |
| Total liabilities | €2.61m |
| Total assets | €133.50m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VLCN's short term assets (€128.2M) exceed its short term liabilities (€956.0K).
Long Term Liabilities: VLCN's short term assets (€128.2M) exceed its long term liabilities (€1.7M).
Debt to Equity History and Analysis
Debt Level: VLCN is debt free.
Reducing Debt: VLCN had no debt 5 years ago.
Debt Coverage: VLCN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VLCN has no debt, therefore coverage of interest payments is not a concern.