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Tassal Group Balance Sheet Health
Financial Health criteria checks 4/6
Key information
43.17%
Debt to equity ratio
AU$363.08m
Debt
| Interest coverage ratio | 7.7x |
| Cash | AU$29.75m |
| Equity | AU$841.06m |
| Total liabilities | AU$869.89m |
| Total assets | AU$1.71b |
Recent financial health updates
Is Tassal Group (ASX:TGR) Using Too Much Debt?
Mar 29
We Think Tassal Group (ASX:TGR) Is Taking Some Risk With Its Debt
Nov 24Recent updates
Tassal Group (ASX:TGR) May Have Issues Allocating Its Capital
Jun 27Tassal Group's (ASX:TGR) Dividend Will Be Reduced To AU$0.07
Aug 21Is Tassal Group (ASX:TGR) Using Too Much Debt?
Mar 29Is Tassal Group Limited (ASX:TGR) Trading At A 22% Discount?
Mar 17Tassal Group Limited (ASX:TGR) On An Uptrend: Could Fundamentals Be Driving The Stock?
Mar 02Should You Use Tassal Group's (ASX:TGR) Statutory Earnings To Analyse It?
Feb 17
Does It Make Sense To Buy Tassal Group Limited (ASX:TGR) For Its Yield?
Feb 04How Much Did Tassal Group's(ASX:TGR) Shareholders Earn From Share Price Movements Over The Last Five Years?
Jan 20How Does Tassal Group's (ASX:TGR) CEO Pay Compare With Company Performance?
Jan 05Our Take On The Returns On Capital At Tassal Group (ASX:TGR)
Dec 20A Look At The Intrinsic Value Of Tassal Group Limited (ASX:TGR)
Dec 07We Think Tassal Group (ASX:TGR) Is Taking Some Risk With Its Debt
Nov 24We Wouldn't Rely On Tassal Group's (ASX:TGR) Statutory Earnings As A Guide
Jul 10Is Tassal Group Limited's (ASX:TGR) CEO Pay Fair?
Jun 22Financial Position Analysis
Short Term Liabilities: TGR's short term assets (A$687.0M) exceed its short term liabilities (A$182.5M).
Long Term Liabilities: TGR's short term assets (A$687.0M) do not cover its long term liabilities (A$687.4M).
Debt to Equity History and Analysis
Debt Level: TGR's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: TGR's debt to equity ratio has increased from 11.1% to 43.2% over the past 5 years.
Debt Coverage: TGR's debt is well covered by operating cash flow (38.3%).
Interest Coverage: TGR's interest payments on its debt are well covered by EBIT (7.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/11/24 12:25 |
| End of Day Share Price | 2022/11/18 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/06/30 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
Tassal Group Limited is covered by 9 analysts. 1 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 |
|---|---|
| Chris Nicol | BofA Global Research |
| Paul Buys | Credit Suisse |
| Jim Godsil | Goldman Sachs |