TAKKT Balance Sheet Health
Financial Health criteria checks 6/6
TAKKT has a total shareholder equity of €590.9M and total debt of €102.1M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are €1.0B and €427.3M respectively. TAKKT's EBIT is €46.2M making its interest coverage ratio 7.1. It has cash and short-term investments of €8.5M.
Key information
17.3%
Debt to equity ratio
€102.10m
Debt
| Interest coverage ratio | 7.1x |
| Cash | €8.50m |
| Equity | €590.90m |
| Total liabilities | €427.30m |
| Total assets | €1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTK's short term assets (€278.6M) exceed its short term liabilities (€192.7M).
Long Term Liabilities: TTK's short term assets (€278.6M) exceed its long term liabilities (€234.6M).
Debt to Equity History and Analysis
Debt Level: TTK's net debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: TTK's debt to equity ratio has reduced from 25.9% to 17.3% over the past 5 years.
Debt Coverage: TTK's debt is well covered by operating cash flow (103.8%).
Interest Coverage: TTK's interest payments on its debt are well covered by EBIT (7.1x coverage).