Turnstar Holdings Limited

BSM:TURNSTAR Stock Report

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

31.0%

Debt to equity ratio

P595.61m

Debt

Interest coverage ratio4.6x
CashP27.10m
EquityP1.92b
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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