Vestis Balance Sheet Health
Financial Health criteria checks 3/6
Vestis has a total shareholder equity of $900.7M and total debt of $1.4B, which brings its debt-to-equity ratio to 157.5%. Its total assets and total liabilities are $3.1B and $2.2B respectively. Vestis's EBIT is $228.9M making its interest coverage ratio 3.5. It has cash and short-term investments of $30.7M.
Key information
157.5%
Debt to equity ratio
US$1.42b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$30.66m |
| Equity | US$900.71m |
| Total liabilities | US$2.22b |
| Total assets | US$3.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VSTS *'s short term assets ($1.0B) exceed its short term liabilities ($400.2M).
Long Term Liabilities: VSTS *'s short term assets ($1.0B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: VSTS *'s net debt to equity ratio (154.1%) is considered high.
Reducing Debt: Insufficient data to determine if VSTS *'s debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VSTS *'s debt is well covered by operating cash flow (22.3%).
Interest Coverage: VSTS *'s interest payments on its debt are well covered by EBIT (3.5x coverage).