Vee Balance Sheet Health
Financial Health criteria checks 2/6
Vee has a total shareholder equity of PLN23.3M and total debt of PLN6.5M, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are PLN35.2M and PLN11.9M respectively.
Key information
28.1%
Debt to equity ratio
zł6.55m
Debt
| Interest coverage ratio | n/a |
| Cash | zł497.40k |
| Equity | zł23.34m |
| Total liabilities | zł11.90m |
| Total assets | zł35.25m |
Financial Position Analysis
Short Term Liabilities: VEE's short term assets (PLN4.6M) do not cover its short term liabilities (PLN8.6M).
Long Term Liabilities: VEE's short term assets (PLN4.6M) exceed its long term liabilities (PLN3.3M).
Debt to Equity History and Analysis
Debt Level: VEE's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: VEE's debt to equity ratio has increased from 24.3% to 28.1% over the past 5 years.
Debt Coverage: VEE's debt is not well covered by operating cash flow (17.9%).
Interest Coverage: Insufficient data to determine if VEE's interest payments on its debt are well covered by EBIT.