VBL Balance Sheet Health
Financial Health criteria checks 3/6
VBL has a total shareholder equity of €65.5M and total debt of €8.7M, which brings its debt-to-equity ratio to 13.2%. Its total assets and total liabilities are €80.6M and €15.1M respectively. VBL's EBIT is €2.0M making its interest coverage ratio 11. It has cash and short-term investments of €1.2M.
Key information
13.2%
Debt to equity ratio
€8.68m
Debt
| Interest coverage ratio | 11x |
| Cash | €1.16m |
| Equity | €65.50m |
| Total liabilities | €15.14m |
| Total assets | €80.64m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VBL's short term assets (€1.7M) exceed its short term liabilities (€1.5M).
Long Term Liabilities: VBL's short term assets (€1.7M) do not cover its long term liabilities (€13.6M).
Debt to Equity History and Analysis
Debt Level: VBL's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: VBL's debt to equity ratio has increased from 10.4% to 13.2% over the past 5 years.
Debt Coverage: VBL's debt is not well covered by operating cash flow (5.2%).
Interest Coverage: VBL's interest payments on its debt are well covered by EBIT (11x coverage).