Vertex Energy Balance Sheet Health
Financial Health criteria checks 3/6
Vertex Energy has a total shareholder equity of $129.5M and total debt of $320.5M, which brings its debt-to-equity ratio to 247.4%. Its total assets and total liabilities are $772.4M and $642.8M respectively.
Key information
247.4%
Debt to equity ratio
US$320.49m
Debt
| Interest coverage ratio | n/a |
| Cash | US$18.76m |
| Equity | US$129.55m |
| Total liabilities | US$642.82m |
| Total assets | US$772.37m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTNR *'s short term assets ($276.3M) do not cover its short term liabilities ($494.6M).
Long Term Liabilities: VTNR *'s short term assets ($276.3M) exceed its long term liabilities ($148.3M).
Debt to Equity History and Analysis
Debt Level: VTNR *'s net debt to equity ratio (232.9%) is considered high.
Reducing Debt: VTNR *'s debt to equity ratio has increased from 41.3% to 247.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VTNR * has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: VTNR * is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/04 11:25 |
| End of Day Share Price | 2024/08/07 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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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
Vertex Energy, Inc. is covered by 9 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 |
|---|---|
| Manav Gupta | Credit Suisse |
| Amit Dayal | H.C. Wainwright & Co. |
| Scott Levine | Imperial Capital |