Toromont Industries Financial Health
How is Toromont Industries's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TIH's short term assets (CA$2.3B) exceed its short term liabilities (CA$988.9M).
Long Term Liabilities: TIH's short term assets (CA$2.3B) exceed its long term liabilities (CA$768.0M).
Debt to Equity History and Analysis
Debt Level: TIH has more cash than its total debt.
Reducing Debt: TIH's debt to equity ratio has increased from 16.4% to 31.3% over the past 5 years.
Debt Coverage: TIH's debt is well covered by operating cash flow (59.4%).
Interest Coverage: TIH's interest payments on its debt are well covered by EBIT (32.7x coverage).