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

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.

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 19:23
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Velcan Holdings is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dieter Furniere	KBC Securities NV