Velogic Holding Balance Sheet Health
Financial Health criteria checks 6/6
Velogic Holding has a total shareholder equity of MUR1.8B and total debt of MUR471.0M, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are MUR3.5B and MUR1.6B respectively. Velogic Holding's EBIT is MUR357.7M making its interest coverage ratio 7.4. It has cash and short-term investments of MUR287.1M.
Key information
25.6%
Debt to equity ratio
MU₨470.97m
Debt
Interest coverage ratio | 7.4x |
Cash | MU₨287.13m |
Equity | MU₨1.84b |
Total liabilities | MU₨1.63b |
Total assets | MU₨3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VELG.I0000's short term assets (MUR1.6B) exceed its short term liabilities (MUR953.8M).
Long Term Liabilities: VELG.I0000's short term assets (MUR1.6B) exceed its long term liabilities (MUR677.2M).
Debt to Equity History and Analysis
Debt Level: VELG.I0000's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: VELG.I0000's debt to equity ratio has reduced from 36.2% to 25.6% over the past 5 years.
Debt Coverage: VELG.I0000's debt is well covered by operating cash flow (40.3%).
Interest Coverage: VELG.I0000's interest payments on its debt are well covered by EBIT (7.4x coverage).