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 19Vertex Growth Remains Challenged Despite Integration Push
Oct 01Vertex: 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 21:12 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Vertex, Inc. is covered by 16 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Robert Oliver | Baird |
| Andrew DeGasperi | Berenberg |
| Daniel Jester | BMO Capital Markets Equity Research |