Vinh Plastic and Bags Balance Sheet Health
Financial Health criteria checks 5/6
Vinh Plastic and Bags has a total shareholder equity of ₫157.8B and total debt of ₫105.4B, which brings its debt-to-equity ratio to 66.8%. Its total assets and total liabilities are ₫388.2B and ₫230.4B respectively. Vinh Plastic and Bags's EBIT is ₫45.0B making its interest coverage ratio 5.7. It has cash and short-term investments of ₫489.4M.
Key information
66.8%
Debt to equity ratio
₫105.42b
Debt
| Interest coverage ratio | 5.7x |
| Cash | ₫489.38m |
| Equity | ₫157.81b |
| Total liabilities | ₫230.36b |
| Total assets | ₫388.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VBC's short term assets (₫309.9B) exceed its short term liabilities (₫229.3B).
Long Term Liabilities: VBC's short term assets (₫309.9B) exceed its long term liabilities (₫1.0B).
Debt to Equity History and Analysis
Debt Level: VBC's net debt to equity ratio (66.5%) is considered high.
Reducing Debt: VBC's debt to equity ratio has reduced from 208.2% to 66.8% over the past 5 years.
Debt Coverage: VBC's debt is well covered by operating cash flow (78.9%).
Interest Coverage: VBC's interest payments on its debt are well covered by EBIT (5.7x coverage).