Velocity Financial Balance Sheet Health
Financial Health criteria checks 3/6
Velocity Financial has a total shareholder equity of $436.9M and total debt of $3.8B, which brings its debt-to-equity ratio to 880.3%. Its total assets and total liabilities are $4.4B and $4.0B respectively.
Key information
880.3%
Debt to equity ratio
US$3.85b
Debt
| Interest coverage ratio | n/a |
| Cash | US$40.57m |
| Equity | US$436.87m |
| Total liabilities | US$3.97b |
| Total assets | US$4.40b |
Recent financial health updates
No updates
Recent updates
Benign Growth For Velocity Financial, Inc. (NYSE:VEL) Underpins Its Share Price
Jan 05
Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Nov 08Is Now The Time To Put Velocity Financial (NYSE:VEL) On Your Watchlist?
Aug 09Velocity Financial, Inc.'s (NYSE:VEL) Subdued P/E Might Signal An Opportunity
Jun 07Velocity Financial GAAP EPS of $0.29 in-line, revenue of $26.78M misses by $0.86M
Nov 03Velocity Financial, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
May 09How Much Did Velocity Financial's(NYSE:VEL) Shareholders Earn From Share Price Movements Over The Last Year?
Jan 19
Financial Position Analysis
Short Term Liabilities: VEL's short term assets ($4.3B) exceed its short term liabilities ($459.0M).
Long Term Liabilities: VEL's short term assets ($4.3B) exceed its long term liabilities ($3.5B).
Debt to Equity History and Analysis
Debt Level: VEL's net debt to equity ratio (871%) is considered high.
Reducing Debt: VEL's debt to equity ratio has reduced from 946.4% to 880.3% over the past 5 years.
Debt Coverage: VEL's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: Insufficient data to determine if VEL's interest payments on its debt are well covered by EBIT.