Tyler Technologies Balance Sheet Health
Financial Health criteria checks 4/6
Tyler Technologies has a total shareholder equity of $2.8B and total debt of $869.1M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are $4.6B and $1.9B respectively. Tyler Technologies's EBIT is $211.7M making its interest coverage ratio 7.5. It has cash and short-term investments of $137.9M.
Key information
31.4%
Debt to equity ratio
US$869.07m
Debt
Interest coverage ratio | 7.5x |
Cash | US$137.86m |
Equity | US$2.77b |
Total liabilities | US$1.87b |
Total assets | US$4.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T2YL34's short term assets ($856.9M) exceed its short term liabilities ($854.2M).
Long Term Liabilities: T2YL34's short term assets ($856.9M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: T2YL34's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: T2YL34's debt to equity ratio has increased from 0% to 31.4% over the past 5 years.
Debt Coverage: T2YL34's debt is well covered by operating cash flow (35.3%).
Interest Coverage: T2YL34's interest payments on its debt are well covered by EBIT (7.5x coverage).