VEF Balance Sheet Health
Financial Health criteria checks 4/6
VEF has a total shareholder equity of $475.0M and total debt of $38.9M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are $514.6M and $39.6M respectively. VEF's EBIT is $60.6M making its interest coverage ratio 9.5. It has cash and short-term investments of $9.1M.
Key information
8.2%
Debt to equity ratio
US$38.86m
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$9.13m |
| Equity | US$474.97m |
| Total liabilities | US$39.60m |
| Total assets | US$514.57m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: VEFAB's short term assets ($9.4M) exceed its short term liabilities ($733.0K).
Long Term Liabilities: VEFAB's short term assets ($9.4M) do not cover its long term liabilities ($38.9M).
Debt to Equity History and Analysis
Debt Level: VEFAB's net debt to equity ratio (6.3%) 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 (45.3%).
Interest Coverage: VEFAB's interest payments on its debt are well covered by EBIT (9.5x coverage).