Toromont Industries Financial Health

How is Toromont Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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