Turnstar Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Turnstar Holdings has a total shareholder equity of BWP1.9B and total debt of BWP595.6M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are BWP2.8B and BWP887.0M respectively. Turnstar Holdings's EBIT is BWP184.0M making its interest coverage ratio 4.8. It has cash and short-term investments of BWP27.1M.
Key information
31.0%
Debt to equity ratio
P595.61m
Debt
| Interest coverage ratio | 4.8x |
| Cash | P27.10m |
| Equity | P1.92b |
| Total liabilities | P886.98m |
| Total assets | P2.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TURN-EQU's short term assets (BWP59.9M) do not cover its short term liabilities (BWP365.7M).
Long Term Liabilities: TURN-EQU's short term assets (BWP59.9M) do not cover its long term liabilities (BWP521.2M).
Debt to Equity History and Analysis
Debt Level: TURN-EQU's net debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: TURN-EQU's debt to equity ratio has reduced from 38% to 31% over the past 5 years.
Debt Coverage: TURN-EQU's debt is well covered by operating cash flow (22.2%).
Interest Coverage: TURN-EQU's interest payments on its debt are well covered by EBIT (4.8x coverage).