Vertex Balance Sheet Health
Financial Health criteria checks 6/6
Vertex has a total shareholder equity of $259.0M and total debt of $334.7M, which brings its debt-to-equity ratio to 129.2%. Its total assets and total liabilities are $1.2B and $931.8M respectively. Vertex's EBIT is $17.1M making its interest coverage ratio 11. It has cash and short-term investments of $286.4M.
Key information
129.2%
Debt to equity ratio
US$334.66m
Debt
| Interest coverage ratio | 11x |
| Cash | US$286.44m |
| Equity | US$259.03m |
| Total liabilities | US$931.81m |
| Total assets | US$1.19b |
Recent financial health updates
Recent updates
Vertex, Inc.'s (NASDAQ:VERX) Shares Climb 28% But Its Business Is Yet to Catch Up
Nov 22
Vertex, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 09There's Been No Shortage Of Growth Recently For Vertex's (NASDAQ:VERX) Returns On Capital
Oct 24Vertex, Inc.: Growth Momentum Continues With FCF Conversion Rates Inflecting Upwards
Aug 21Vertex's (NASDAQ:VERX) Performance Is Even Better Than Its Earnings Suggest
Aug 14Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)
Aug 02Pinning Down Vertex, Inc.'s (NASDAQ:VERX) P/S Is Difficult Right Now
Jun 10Health Check: How Prudently Does Vertex (NASDAQ:VERX) Use Debt?
Apr 18Vertex: EPS Better Than Expected, Cloud Offerings, And Cheap
Mar 19A Look At The Fair Value Of Vertex, Inc. (NASDAQ:VERX)
Nov 13An Intrinsic Calculation For Vertex, Inc. (NASDAQ:VERX) Suggests It's 30% Undervalued
Aug 14Vertex, Inc. (NASDAQ:VERX) Investors Are Less Pessimistic Than Expected
May 22Calculating The Intrinsic Value Of Vertex, Inc. (NASDAQ:VERX)
Apr 09Vertex, Inc. (NASDAQ:VERX) Shares Could Be 21% Below Their Intrinsic Value Estimate
Dec 29Vertex Growth Remains Challenged Despite Integration Push
Oct 01Is Vertex, Inc. (NASDAQ:VERX) Trading At A 34% Discount?
Aug 31Vertex: A Valuation Re-Rating Play Of A Non-Discretionary Business
Aug 27Vertex reports Q2 earnings; raises FY22 revenue guidance and issues Q3 outlook
Aug 09Financial Position Analysis
Short Term Liabilities: VERX's short term assets ($476.6M) exceed its short term liabilities ($457.9M).
Long Term Liabilities: VERX's short term assets ($476.6M) exceed its long term liabilities ($473.9M).
Debt to Equity History and Analysis
Debt Level: VERX's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: VERX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: VERX's debt is well covered by operating cash flow (51.2%).
Interest Coverage: VERX's interest payments on its debt are well covered by EBIT (11x coverage).