Ventia Services Group Balance Sheet Health
Financial Health criteria checks 5/6
Ventia Services Group has a total shareholder equity of A$594.7M and total debt of A$747.4M, which brings its debt-to-equity ratio to 125.7%. Its total assets and total liabilities are A$3.0B and A$2.4B respectively. Ventia Services Group's EBIT is A$334.2M making its interest coverage ratio 8.5. It has cash and short-term investments of A$368.2M.
Key information
125.7%
Debt to equity ratio
AU$747.40m
Debt
| Interest coverage ratio | 8.5x |
| Cash | AU$368.20m |
| Equity | AU$594.70m |
| Total liabilities | AU$2.41b |
| Total assets | AU$3.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VNT's short term assets (A$1.4B) exceed its short term liabilities (A$1.3B).
Long Term Liabilities: VNT's short term assets (A$1.4B) exceed its long term liabilities (A$1.1B).
Debt to Equity History and Analysis
Debt Level: VNT's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: VNT's debt to equity ratio has reduced from 2810.1% to 125.7% over the past 5 years.
Debt Coverage: VNT's debt is well covered by operating cash flow (41.2%).
Interest Coverage: VNT's interest payments on its debt are well covered by EBIT (8.5x coverage).