VEEM Balance Sheet Health
Financial Health criteria checks 6/6
VEEM has a total shareholder equity of A$50.0M and total debt of A$6.2M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are A$93.8M and A$43.7M respectively. VEEM's EBIT is A$8.2M making its interest coverage ratio 6.6. It has cash and short-term investments of A$646.3K.
Key information
12.4%
Debt to equity ratio
AU$6.21m
Debt
Interest coverage ratio | 6.6x |
Cash | AU$646.33k |
Equity | AU$50.02m |
Total liabilities | AU$43.74m |
Total assets | AU$93.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VEEM.F's short term assets (A$37.6M) exceed its short term liabilities (A$17.4M).
Long Term Liabilities: VEEM.F's short term assets (A$37.6M) exceed its long term liabilities (A$26.4M).
Debt to Equity History and Analysis
Debt Level: VEEM.F's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: VEEM.F's debt to equity ratio has reduced from 31.1% to 12.4% over the past 5 years.
Debt Coverage: VEEM.F's debt is well covered by operating cash flow (145.7%).
Interest Coverage: VEEM.F's interest payments on its debt are well covered by EBIT (6.6x coverage).