Vitesse Energy Balance Sheet Health
Financial Health criteria checks 3/6
Vitesse Energy has a total shareholder equity of $522.7M and total debt of $98.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are $749.7M and $227.0M respectively. Vitesse Energy's EBIT is $52.9M making its interest coverage ratio 8.4. It has cash and short-term investments of $1.4M.
Key information
18.7%
Debt to equity ratio
US$98.00m
Debt
| Interest coverage ratio | 8.4x |
| Cash | US$1.38m |
| Equity | US$522.72m |
| Total liabilities | US$227.02m |
| Total assets | US$749.73m |
Recent financial health updates
No updates
Recent updates
Analysts Predict Vitesse Energy Should Show Strong Profits In 2024
Jan 28Vitesse Energy: A Bright Outlook Inspires Optimism
Oct 25Vitesse Energy Is A Bakken Power Player
Aug 08Vitesse Energy: Deserves Spot In Portfolios Seeking High Capital Returns With Upside Potential
Jun 06Vitesse Energy, Inc. declares $0.50 dividend
Feb 13Vitesse Energy Is Going To Offer A 15% Dividend Yield
Feb 06Financial Position Analysis
Short Term Liabilities: VTS's short term assets ($45.9M) do not cover its short term liabilities ($52.4M).
Long Term Liabilities: VTS's short term assets ($45.9M) do not cover its long term liabilities ($174.6M).
Debt to Equity History and Analysis
Debt Level: VTS's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if VTS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: VTS's debt is well covered by operating cash flow (145%).
Interest Coverage: VTS's interest payments on its debt are well covered by EBIT (8.4x coverage).