Volta Finance Balance Sheet Health
Financial Health criteria checks 6/6
Volta Finance has a total shareholder equity of €251.9M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €265.8M and €13.9M respectively. Volta Finance's EBIT is €41.2M making its interest coverage ratio -50.7. It has cash and short-term investments of €262.1M.
Key information
0%
Debt to equity ratio
€0
Debt
Interest coverage ratio | -50.7x |
Cash | €262.13m |
Equity | €251.92m |
Total liabilities | €13.85m |
Total assets | €265.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VTA's short term assets (€265.8M) exceed its short term liabilities (€13.9M).
Long Term Liabilities: VTA has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: VTA is debt free.
Reducing Debt: VTA has no debt compared to 5 years ago when its debt to equity ratio was 15%.
Debt Coverage: VTA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: VTA has no debt, therefore coverage of interest payments is not a concern.