Vivic Balance Sheet Health
Financial Health criteria checks 5/6
Vivic has a total shareholder equity of $4.0M and total debt of $624.6K, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are $5.1M and $1.2M respectively. Vivic's EBIT is $594.5K making its interest coverage ratio 23.4. It has cash and short-term investments of $2.5M.
Key information
15.8%
Debt to equity ratio
US$624.63k
Debt
| Interest coverage ratio | 23.4x |
| Cash | US$2.52m |
| Equity | US$3.95m |
| Total liabilities | US$1.17m |
| Total assets | US$5.12m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VIVC's short term assets ($5.1M) exceed its short term liabilities ($1.1M).
Long Term Liabilities: VIVC's short term assets ($5.1M) exceed its long term liabilities ($87.5K).
Debt to Equity History and Analysis
Debt Level: VIVC has more cash than its total debt.
Reducing Debt: VIVC's debt to equity ratio has reduced from 464.2% to 15.8% 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 (23.4x coverage).