Tornado Global Hydrovacs Balance Sheet Health
Financial Health criteria checks 5/6
Tornado Global Hydrovacs has a total shareholder equity of CA$24.3M and total debt of CA$7.6M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are CA$47.2M and CA$22.9M respectively. Tornado Global Hydrovacs's EBIT is CA$10.2M making its interest coverage ratio 15.4. It has cash and short-term investments of CA$4.4M.
Key information
31.1%
Debt to equity ratio
CA$7.56m
Debt
Interest coverage ratio | 15.4x |
Cash | CA$4.40m |
Equity | CA$24.34m |
Total liabilities | CA$22.86m |
Total assets | CA$47.20m |
Recent financial health updates
Tornado Global Hydrovacs (CVE:TGH) Takes On Some Risk With Its Use Of Debt
Nov 08Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?
Feb 03Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
May 30Here's Why Tornado Global Hydrovacs (CVE:TGH) Can Afford Some Debt
Feb 24Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
Oct 20Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
Jun 08Recent updates
Tornado Global Hydrovacs Ltd.'s (CVE:TGH) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Apr 26Tornado Global Hydrovacs (CVE:TGH) Takes On Some Risk With Its Use Of Debt
Nov 08Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?
Feb 03Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
May 30Here's Why Tornado Global Hydrovacs (CVE:TGH) Can Afford Some Debt
Feb 24Tornado Global Hydrovacs Ltd.'s (CVE:TGH) CEO Looks Like They Deserve Their Pay Packet
Nov 11Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
Oct 20Is Tornado Global Hydrovacs (CVE:TGH) Using Too Much Debt?
Jun 08Does Tornado Global Hydrovacs (CVE:TGH) Have A Healthy Balance Sheet?
Mar 02Financial Position Analysis
Short Term Liabilities: TGH's short term assets (CA$37.2M) exceed its short term liabilities (CA$18.2M).
Long Term Liabilities: TGH's short term assets (CA$37.2M) exceed its long term liabilities (CA$4.6M).
Debt to Equity History and Analysis
Debt Level: TGH's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: TGH's debt to equity ratio has increased from 4.5% to 31.1% over the past 5 years.
Debt Coverage: TGH's debt is well covered by operating cash flow (57.4%).
Interest Coverage: TGH's interest payments on its debt are well covered by EBIT (15.4x coverage).