Vericity Balance Sheet Health
Financial Health criteria checks 4/6
Vericity has a total shareholder equity of $110.2M and total debt of $49.0M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are $822.8M and $712.6M respectively.
Key information
44.5%
Debt to equity ratio
US$49.01m
Debt
| Interest coverage ratio | n/a |
| Cash | US$8.04m |
| Equity | US$110.21m |
| Total liabilities | US$712.61m |
| Total assets | US$822.82m |
Financial Position Analysis
Short Term Liabilities: VERY's short term assets ($303.8M) exceed its short term liabilities ($33.8M).
Long Term Liabilities: VERY's short term assets ($303.8M) do not cover its long term liabilities ($678.8M).
Debt to Equity History and Analysis
Debt Level: VERY's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: VERY's debt to equity ratio has increased from 7.8% to 44.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable VERY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VERY is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 23.4% per year.