Vestis Balance Sheet Health
Financial Health criteria checks 2/6
Vestis has a total shareholder equity of $901.2M and total debt of $1.4B, which brings its debt-to-equity ratio to 155.6%. Its total assets and total liabilities are $3.1B and $2.2B respectively. Vestis's EBIT is $194.0M making its interest coverage ratio 2. It has cash and short-term investments of $29.1M.
Key information
155.6%
Debt to equity ratio
US$1.40b
Debt
| Interest coverage ratio | 2x |
| Cash | US$29.10m |
| Equity | US$901.18m |
| Total liabilities | US$2.24b |
| Total assets | US$3.15b |
Recent financial health updates
Recent updates
Vestis: Stability Increases, Challenges Remain
Aug 21We Think That There Are More Issues For Vestis (NYSE:VSTS) Than Just Sluggish Earnings
Aug 19
Is 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 ($1.0B) exceed its short term liabilities ($429.8M).
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 (152.4%) 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 (20.6%).
Interest Coverage: VSTS's interest payments on its debt are not well covered by EBIT (2x coverage).