VNECO 3 Electricity Construction Balance Sheet Health
Financial Health criteria checks 2/6
VNECO 3 Electricity Construction has a total shareholder equity of ₫18.4B and total debt of ₫32.7B, which brings its debt-to-equity ratio to 177.1%. Its total assets and total liabilities are ₫94.8B and ₫76.4B respectively. VNECO 3 Electricity Construction's EBIT is ₫3.0B making its interest coverage ratio 1.1. It has cash and short-term investments of ₫3.2B.
Key information
177.1%
Debt to equity ratio
₫32.67b
Debt
| Interest coverage ratio | 1.1x |
| Cash | ₫3.23b |
| Equity | ₫18.45b |
| Total liabilities | ₫76.35b |
| Total assets | ₫94.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VE3's short term assets (₫85.5B) exceed its short term liabilities (₫75.6B).
Long Term Liabilities: VE3's short term assets (₫85.5B) exceed its long term liabilities (₫773.5M).
Debt to Equity History and Analysis
Debt Level: VE3's net debt to equity ratio (159.6%) is considered high.
Reducing Debt: VE3's debt to equity ratio has increased from 43.1% to 177.1% over the past 5 years.
Debt Coverage: VE3's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: VE3's interest payments on its debt are not well covered by EBIT (1.1x coverage).