TAG Immobilien Balance Sheet Health
Financial Health criteria checks 3/6
TAG Immobilien has a total shareholder equity of €3.0B and total debt of €3.3B, which brings its debt-to-equity ratio to 110.6%. Its total assets and total liabilities are €7.3B and €4.3B respectively. TAG Immobilien's EBIT is €286.3M making its interest coverage ratio 4.3. It has cash and short-term investments of €128.6M.
Key information
110.6%
Debt to equity ratio
€3.28b
Debt
Interest coverage ratio | 4.3x |
Cash | €128.60m |
Equity | €2.96b |
Total liabilities | €4.34b |
Total assets | €7.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEG's short term assets (€930.9M) exceed its short term liabilities (€754.2M).
Long Term Liabilities: TEG's short term assets (€930.9M) do not cover its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: TEG's net debt to equity ratio (106.2%) is considered high.
Reducing Debt: TEG's debt to equity ratio has reduced from 117.1% to 110.6% over the past 5 years.
Debt Coverage: TEG's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: TEG's interest payments on its debt are well covered by EBIT (4.3x coverage).