Vestis Balance Sheet Health
Financial Health criteria checks 2/6
Vestis has a total shareholder equity of $900.7M and total debt of $1.4B, which brings its debt-to-equity ratio to 157.5%. Its total assets and total liabilities are $3.1B and $2.2B respectively. Vestis's EBIT is $222.4M making its interest coverage ratio 3.4. It has cash and short-term investments of $30.7M.
Key information
157.5%
Debt to equity ratio
US$1.42b
Debt
Interest coverage ratio | 3.4x |
Cash | US$30.66m |
Equity | US$900.71m |
Total liabilities | US$2.22b |
Total assets | US$3.12b |
Recent financial health updates
No updates
Recent updates
Vestis 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 ($1.0B) exceed its short term liabilities ($400.2M).
Long Term Liabilities: VSTS's short term assets ($1.0B) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: VSTS's net debt to equity ratio (154.1%) 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 not well covered by operating cash flow (18.1%).
Interest Coverage: VSTS's interest payments on its debt are well covered by EBIT (3.4x coverage).