VEF Balance Sheet Health
Financial Health criteria checks 4/6
VEF has a total shareholder equity of $447.6M and total debt of $36.7M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are $485.1M and $37.5M respectively. VEF's EBIT is $42.3M making its interest coverage ratio 5.9. It has cash and short-term investments of $14.0M.
Key information
8.2%
Debt to equity ratio
US$36.70m
Debt
Interest coverage ratio | 5.9x |
Cash | US$13.96m |
Equity | US$447.60m |
Total liabilities | US$37.53m |
Total assets | US$485.14m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VEFAB's short term assets ($14.6M) exceed its short term liabilities ($831.0K).
Long Term Liabilities: VEFAB's short term assets ($14.6M) do not cover its long term liabilities ($36.7M).
Debt to Equity History and Analysis
Debt Level: VEFAB's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: VEFAB's debt to equity ratio has increased from 0% to 8.2% over the past 5 years.
Debt Coverage: VEFAB's debt is well covered by operating cash flow (57.6%).
Interest Coverage: VEFAB's interest payments on its debt are well covered by EBIT (5.9x coverage).