Turners Automotive Group Balance Sheet Health
Financial Health criteria checks 3/6
Turners Automotive Group has a total shareholder equity of NZ$278.2M and total debt of NZ$425.3M, which brings its debt-to-equity ratio to 152.9%. Its total assets and total liabilities are NZ$865.7M and NZ$587.4M respectively. Turners Automotive Group's EBIT is NZ$58.1M making its interest coverage ratio 6.2. It has cash and short-term investments of NZ$87.2M.
Key information
152.9%
Debt to equity ratio
NZ$425.32m
Debt
Interest coverage ratio | 6.2x |
Cash | NZ$87.24m |
Equity | NZ$278.22m |
Total liabilities | NZ$587.43m |
Total assets | NZ$865.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRA's short term assets (NZ$565.2M) exceed its short term liabilities (NZ$77.3M).
Long Term Liabilities: TRA's short term assets (NZ$565.2M) exceed its long term liabilities (NZ$510.2M).
Debt to Equity History and Analysis
Debt Level: TRA's net debt to equity ratio (121.5%) is considered high.
Reducing Debt: TRA's debt to equity ratio has increased from 138.2% to 152.9% over the past 5 years.
Debt Coverage: TRA's debt is not well covered by operating cash flow (7%).
Interest Coverage: TRA's interest payments on its debt are well covered by EBIT (6.2x coverage).