Vegetable Oil Industries Balance Sheet Health
Financial Health criteria checks 2/6
Vegetable Oil Industries has a total shareholder equity of JOD61.9M and total debt of JOD11.6M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are JOD76.9M and JOD15.0M respectively. Vegetable Oil Industries's EBIT is JOD492.4K making its interest coverage ratio 1.4. It has cash and short-term investments of JOD503.3K.
Key information
18.8%
Debt to equity ratio
د.أ11.63m
Debt
Interest coverage ratio | 1.4x |
Cash | د.أ503.25k |
Equity | د.أ61.93m |
Total liabilities | د.أ14.97m |
Total assets | د.أ76.91m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VOIC's short term assets (JOD3.3M) do not cover its short term liabilities (JOD8.7M).
Long Term Liabilities: VOIC's short term assets (JOD3.3M) do not cover its long term liabilities (JOD6.2M).
Debt to Equity History and Analysis
Debt Level: VOIC's net debt to equity ratio (18%) is considered satisfactory.
Reducing Debt: VOIC's debt to equity ratio has reduced from 40.4% to 18.8% over the past 5 years.
Debt Coverage: VOIC's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: VOIC's interest payments on its debt are not well covered by EBIT (1.4x coverage).