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).