Vivic Balance Sheet Health
Financial Health criteria checks 5/6
Vivic has a total shareholder equity of $2.6M and total debt of $611.4K, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are $4.9M and $2.3M respectively. Vivic's EBIT is $1.2M making its interest coverage ratio 50.2. It has cash and short-term investments of $310.9K.
Key information
23.6%
Debt to equity ratio
US$611.38k
Debt
| Interest coverage ratio | 50.2x |
| Cash | US$310.86k |
| Equity | US$2.59m |
| Total liabilities | US$2.27m |
| Total assets | US$4.87m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VIVC's short term assets ($4.9M) exceed its short term liabilities ($1.7M).
Long Term Liabilities: VIVC's short term assets ($4.9M) exceed its long term liabilities ($611.4K).
Debt to Equity History and Analysis
Debt Level: VIVC's net debt to equity ratio (11.6%) is considered satisfactory.
Reducing Debt: VIVC's debt to equity ratio has reduced from 92.2% to 23.6% over the past 5 years.
Debt Coverage: VIVC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VIVC's interest payments on its debt are well covered by EBIT (50.2x coverage).