Velogic Holding Balance Sheet Health
Financial Health criteria checks 6/6
Velogic Holding has a total shareholder equity of MUR2.0B and total debt of MUR372.4M, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are MUR3.6B and MUR1.7B respectively. Velogic Holding's EBIT is MUR320.2M making its interest coverage ratio 6.6. It has cash and short-term investments of MUR269.5M.
Key information
19.1%
Debt to equity ratio
MU₨372.38m
Debt
| Interest coverage ratio | 6.6x |
| Cash | MU₨269.54m |
| Equity | MU₨1.95b |
| Total liabilities | MU₨1.67b |
| Total assets | MU₨3.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VELG.I0000's short term assets (MUR1.7B) exceed its short term liabilities (MUR992.9M).
Long Term Liabilities: VELG.I0000's short term assets (MUR1.7B) exceed its long term liabilities (MUR676.6M).
Debt to Equity History and Analysis
Debt Level: VELG.I0000's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: VELG.I0000's debt to equity ratio has reduced from 34.8% to 19.1% over the past 5 years.
Debt Coverage: VELG.I0000's debt is well covered by operating cash flow (75.1%).
Interest Coverage: VELG.I0000's interest payments on its debt are well covered by EBIT (6.6x coverage).