Velcan Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Velcan Holdings has a total shareholder equity of €128.1M and total debt of €75.0K, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are €131.7M and €3.6M respectively. Velcan Holdings's EBIT is €1.3M making its interest coverage ratio -19.5. It has cash and short-term investments of €55.5M.
Key information
0.06%
Debt to equity ratio
€75.00k
Debt
Interest coverage ratio | -19.5x |
Cash | €55.50m |
Equity | €128.11m |
Total liabilities | €3.61m |
Total assets | €131.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VLCN's short term assets (€125.3M) exceed its short term liabilities (€2.0M).
Long Term Liabilities: VLCN's short term assets (€125.3M) exceed its long term liabilities (€1.6M).
Debt to Equity History and Analysis
Debt Level: VLCN has more cash than its total debt.
Reducing Debt: VLCN's debt to equity ratio has increased from 0% to 0.06% over the past 5 years.
Debt Coverage: Insufficient data to determine if VLCN's debt is well covered by operating cash flow.
Interest Coverage: VLCN earns more interest than it pays, so coverage of interest payments is not a concern.