Vital Balance Sheet Health
Financial Health criteria checks 1/6
Vital has a total shareholder equity of NZ$21.5M and total debt of NZ$13.3M, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are NZ$64.6M and NZ$43.0M respectively. Vital's EBIT is NZ$1.5M making its interest coverage ratio 0.5. It has cash and short-term investments of NZ$79.0K.
Key information
61.8%
Debt to equity ratio
NZ$13.30m
Debt
Interest coverage ratio | 0.5x |
Cash | NZ$79.00k |
Equity | NZ$21.54m |
Total liabilities | NZ$43.04m |
Total assets | NZ$64.58m |
Recent financial health updates
These 4 Measures Indicate That Vital (NZSE:VTL) Is Using Debt Extensively
Oct 25Is Vital (NZSE:VTL) Weighed On By Its Debt Load?
Nov 07These 4 Measures Indicate That Vital (NZSE:VTL) Is Using Debt In A Risky Way
May 11Recent updates
Revenues Working Against Vital Limited's (NZSE:VTL) Share Price
Feb 08These 4 Measures Indicate That Vital (NZSE:VTL) Is Using Debt Extensively
Oct 25Capital Allocation Trends At Vital (NZSE:VTL) Aren't Ideal
Sep 07Is Vital (NZSE:VTL) Weighed On By Its Debt Load?
Nov 07Vital (NZSE:VTL) Will Pay A Smaller Dividend Than Last Year
Sep 15Vital (NZSE:VTL) Will Pay A Smaller Dividend Than Last Year
Aug 31These 4 Measures Indicate That Vital (NZSE:VTL) Is Using Debt In A Risky Way
May 11Trade Alert: The Chief Executive Officer Of Vital Limited (NZSE:VTL), Andrew Miller, Has Just Spent NZ$639k Buying 480% More Shares
Mar 15Something To Consider Before Buying Vital Limited (NZSE:VTL) For The 3.4% Dividend
Mar 03Read This Before Buying Vital Limited (NZSE:VTL) For Its Dividend
Nov 18Financial Position Analysis
Short Term Liabilities: VTL's short term assets (NZ$5.9M) do not cover its short term liabilities (NZ$11.9M).
Long Term Liabilities: VTL's short term assets (NZ$5.9M) do not cover its long term liabilities (NZ$31.2M).
Debt to Equity History and Analysis
Debt Level: VTL's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: VTL's debt to equity ratio has increased from 33.8% to 61.8% over the past 5 years.
Debt Coverage: VTL's debt is well covered by operating cash flow (50.7%).
Interest Coverage: VTL's interest payments on its debt are not well covered by EBIT (0.5x coverage).