Vestis Balance Sheet Health
Financial Health criteria checks 2/6
Vestis has a total shareholder equity of $903.1M and total debt of $1.1B, which brings its debt-to-equity ratio to 127.1%. Its total assets and total liabilities are $2.9B and $2.0B respectively. Vestis's EBIT is $163.2M making its interest coverage ratio 1.3. It has cash and short-term investments of $31.0M.
Key information
127.1%
Debt to equity ratio
US$1.15b
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$31.01m |
| Equity | US$903.05m |
| Total liabilities | US$2.03b |
| Total assets | US$2.93b |
Recent financial health updates
Recent updates
Vestis Corp: Waiting For More Signs Of Successful Turnaround
Nov 25Vestis (NYSE:VSTS) Has Affirmed Its Dividend Of $0.035
Nov 25
Vestis: Stability Increases, Challenges Remain
Aug 21We Think That There Are More Issues For Vestis (NYSE:VSTS) Than Just Sluggish Earnings
Aug 19Is Vestis (NYSE:VSTS) Using Too Much Debt?
Jun 16Vestis: Rising Concerns Cast Shadows On Future Prospects
Jun 09Vestis Q1 Results: Uniform And Workplace Player Faces Growing Concerns
May 03We Think That There Are Issues Underlying Vestis' (NYSE:VSTS) Earnings
Feb 16Vestis Corporation's (NYSE:VSTS) Shareholders Might Be Looking For Exit
Feb 02Vestis: Initiating A Buy Rating As Business And Industry Are Very Attractive
Jan 17Vestis: A Uniformly Good Bargain
Dec 15Vestis Fiscal Q4: Positive Earnings Signs Post Its Spinoff
Nov 29Financial Position Analysis
Short Term Liabilities: VSTS's short term assets ($787.4M) exceed its short term liabilities ($456.1M).
Long Term Liabilities: VSTS's short term assets ($787.4M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: VSTS's net debt to equity ratio (123.7%) is considered high.
Reducing Debt: Insufficient data to determine if VSTS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VSTS's debt is well covered by operating cash flow (41.1%).
Interest Coverage: VSTS's interest payments on its debt are not well covered by EBIT (1.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 16:40 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/27 |
| Annual Earnings | 2024/09/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vestis Corporation is covered by 12 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Wittmann | Baird |
| Manav Patnaik | Barclays |
| null null | Equisights |