VanEck ETF Trust - VanEck Agribusiness ETF Balance Sheet Health
Financial Health criteria checks 5/6
VanEck ETF Trust - VanEck Agribusiness ETF has a total shareholder equity of $912.1M and total debt of $28.6M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are $941.7M and $29.7M respectively. VanEck ETF Trust - VanEck Agribusiness ETF's EBIT is $26.7M making its interest coverage ratio 420.1. It has cash and short-term investments of $400.1K.
Key information
3.1%
Debt to equity ratio
US$28.57m
Debt
Interest coverage ratio | 420.1x |
Cash | US$400.11k |
Equity | US$912.06m |
Total liabilities | US$29.66m |
Total assets | US$941.71m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MOO's short term assets ($30.2M) exceed its short term liabilities ($29.0M).
Long Term Liabilities: MOO's short term assets ($30.2M) exceed its long term liabilities ($633.2K).
Debt to Equity History and Analysis
Debt Level: MOO's net debt to equity ratio (3.1%) is considered satisfactory.
Reducing Debt: MOO's debt to equity ratio has reduced from 5.4% to 3.1% over the past 5 years.
Debt Coverage: Insufficient data to determine if MOO's debt is well covered by operating cash flow.
Interest Coverage: MOO's interest payments on its debt are well covered by EBIT (420.1x coverage).