Turnstar Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Turnstar Holdings has a total shareholder equity of BWP1.8B and total debt of BWP581.6M, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are BWP2.7B and BWP874.5M respectively. Turnstar Holdings's EBIT is BWP167.9M making its interest coverage ratio 4.7. It has cash and short-term investments of BWP23.6M.
Key information
31.8%
Debt to equity ratio
P581.58m
Debt
Interest coverage ratio | 4.7x |
Cash | P23.64m |
Equity | P1.83b |
Total liabilities | P874.47m |
Total assets | P2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TURNSTAR's short term assets (BWP59.8M) exceed its short term liabilities (BWP56.1M).
Long Term Liabilities: TURNSTAR's short term assets (BWP59.8M) do not cover its long term liabilities (BWP818.3M).
Debt to Equity History and Analysis
Debt Level: TURNSTAR's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: TURNSTAR's debt to equity ratio has reduced from 38.2% to 31.8% over the past 5 years.
Debt Coverage: TURNSTAR's debt is well covered by operating cash flow (24.1%).
Interest Coverage: TURNSTAR's interest payments on its debt are well covered by EBIT (4.7x coverage).