Vecima Networks Balance Sheet Health
Financial Health criteria checks 5/6
Vecima Networks has a total shareholder equity of CA$235.4M and total debt of CA$52.7M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CA$369.5M and CA$134.1M respectively. Vecima Networks's EBIT is CA$32.3M making its interest coverage ratio 3.9. It has cash and short-term investments of CA$2.2M.
Key information
22.4%
Debt to equity ratio
CA$52.66m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CA$2.22m |
| Equity | CA$235.41m |
| Total liabilities | CA$134.05m |
| Total assets | CA$369.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VNWT.F's short term assets (CA$197.7M) exceed its short term liabilities (CA$114.3M).
Long Term Liabilities: VNWT.F's short term assets (CA$197.7M) exceed its long term liabilities (CA$19.8M).
Debt to Equity History and Analysis
Debt Level: VNWT.F's net debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: VNWT.F's debt to equity ratio has increased from 1.1% to 22.4% over the past 5 years.
Debt Coverage: VNWT.F's debt is well covered by operating cash flow (35.6%).
Interest Coverage: VNWT.F's interest payments on its debt are well covered by EBIT (3.9x coverage).