Tasmea Balance Sheet Health
Financial Health criteria checks 6/6
Tasmea has a total shareholder equity of A$131.4M and total debt of A$58.3M, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are A$290.9M and A$159.5M respectively. Tasmea's EBIT is A$52.6M making its interest coverage ratio 12. It has cash and short-term investments of A$25.1M.
Key information
44.4%
Debt to equity ratio
AU$58.34m
Debt
| Interest coverage ratio | 12x |
| Cash | AU$25.13m |
| Equity | AU$131.36m |
| Total liabilities | AU$159.51m |
| Total assets | AU$290.87m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TEA's short term assets (A$133.1M) exceed its short term liabilities (A$114.3M).
Long Term Liabilities: TEA's short term assets (A$133.1M) exceed its long term liabilities (A$45.2M).
Debt to Equity History and Analysis
Debt Level: TEA's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: TEA's debt to equity ratio has reduced from 168.5% to 44.4% over the past 5 years.
Debt Coverage: TEA's debt is well covered by operating cash flow (73.7%).
Interest Coverage: TEA's interest payments on its debt are well covered by EBIT (12x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 21:48 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tasmea Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Mees | Morgans Financial Limited |
| Liam Schofield | Morgans Financial Limited |
| Schofield Liam | Morgans Financial Limited |