Vertex Balance Sheet Health
Financial Health criteria checks 5/6
Vertex has a total shareholder equity of $233.1M and total debt of $334.1M, which brings its debt-to-equity ratio to 143.3%. Its total assets and total liabilities are $1.0B and $790.7M respectively. Vertex's EBIT is $9.3M making its interest coverage ratio 1.8. It has cash and short-term investments of $334.2M.
Key information
143.3%
Debt to equity ratio
US$334.09m
Debt
| Interest coverage ratio | 1.8x |
| Cash | US$334.19m |
| Equity | US$233.13m |
| Total liabilities | US$790.70m |
| Total assets | US$1.02b |
Recent financial health updates
Recent updates
Vertex, Inc.: Growth Momentum Continues With FCF Conversion Rates Inflecting Upwards
Aug 21Vertex's (NASDAQ:VERX) Performance Is Even Better Than Its Earnings Suggest
Aug 14
Calculating 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 09There's Been No Shortage Of Growth Recently For Vertex's (NASDAQ:VERX) Returns On Capital
Jul 30Financial Position Analysis
Short Term Liabilities: VERX's short term assets ($514.8M) exceed its short term liabilities ($439.1M).
Long Term Liabilities: VERX's short term assets ($514.8M) exceed its long term liabilities ($351.6M).
Debt to Equity History and Analysis
Debt Level: VERX has more cash than its total debt.
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 (47.1%).
Interest Coverage: VERX's interest payments on its debt are not well covered by EBIT (1.8x coverage).