Turnstar Holdings Limited


Market Cap: P1.1b

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 BWP176.2M making its interest coverage ratio 4.6. It has cash and short-term investments of BWP27.1M.

Key information


Debt to equity ratio



Interest coverage ratio4.6x
Total liabilitiesP886.98m
Total assetsP2.81b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TURNSTAR's short term assets (BWP59.9M) do not cover its short term liabilities (BWP365.7M).

Long Term Liabilities: TURNSTAR's short term assets (BWP59.9M) do not cover its long term liabilities (BWP521.2M).

Debt to Equity History and Analysis

Debt Level: TURNSTAR's net debt to equity ratio (29.6%) is considered satisfactory.

Reducing Debt: TURNSTAR's debt to equity ratio has reduced from 38% to 31% over the past 5 years.

Debt Coverage: TURNSTAR's debt is well covered by operating cash flow (22.2%).

Interest Coverage: TURNSTAR's interest payments on its debt are well covered by EBIT (4.6x coverage).

Balance Sheet

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