Versant Media Group Inc. was a U.S.-based media and publishing company that focused on acquiring, developing, and managing a portfolio of special interest magazines and related media assets. Operating within the Communication Services sector, the company aimed to serve niche markets through its various publications, building a portfolio of titles across different interest areas. Historically, Versant Media Group Inc. was listed on NASDAQ under the ticker VSNT (or VSNTV). However, the company encountered significant financial difficulties and filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in 2004. As a result, Versant Media Group Inc. is no longer an actively trading or operating entity.
How many years of EBITDA are required to pay off the company's net debt, according to the official accounting standard IFRS16. As a market consensus, a value of up to 3 years of leverage is accepted for most companies.
How much the company's debt represents in % in relation to its equity. As a market consensus, a value less than or equal to 1 is accepted, above that leverage can end up hurting the final result at some point.
The current ratio helps investors understand more about a company's ability to cover its short-term debt with its current assets and make apples-to-apples comparisons with its competitors and peers.
The quick ratio measures a company's capacity to pay its current liabilities without needing to sell its inventory or obtain additional financing and is considered a more conservative measure than the current ratio, which includes all current assets as coverage for current liabilities.
The interest coverage ratio is used to measure how well a firm can pay the interest due on outstanding debt and is is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expense during a given period. Generally, a higher coverage ratio is better, although the ideal ratio may vary by industry.
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