Votum Balance Sheet Health
Financial Health criteria checks 6/6
Votum has a total shareholder equity of PLN258.5M and total debt of PLN19.3M, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are PLN444.2M and PLN185.7M respectively. Votum's EBIT is PLN165.2M making its interest coverage ratio 125.9. It has cash and short-term investments of PLN12.2M.
Key information
7.5%
Debt to equity ratio
zł19.29m
Debt
| Interest coverage ratio | 125.9x |
| Cash | zł12.21m |
| Equity | zł258.51m |
| Total liabilities | zł185.73m |
| Total assets | zł444.24m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: VOT's short term assets (PLN269.4M) exceed its short term liabilities (PLN85.9M).
Long Term Liabilities: VOT's short term assets (PLN269.4M) exceed its long term liabilities (PLN99.8M).
Debt to Equity History and Analysis
Debt Level: VOT's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: VOT's debt to equity ratio has reduced from 50% to 7.5% over the past 5 years.
Debt Coverage: VOT's debt is well covered by operating cash flow (212.3%).
Interest Coverage: VOT's interest payments on its debt are well covered by EBIT (125.9x coverage).