Tornado Infrastructure Equipment Balance Sheet Health
Financial Health criteria checks 5/6
Tornado Infrastructure Equipment has a total shareholder equity of CA$32.4M and total debt of CA$4.4M, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CA$59.1M and CA$26.7M respectively. Tornado Infrastructure Equipment's EBIT is CA$14.9M making its interest coverage ratio 39.6. It has cash and short-term investments of CA$3.0M.
Key information
13.6%
Debt to equity ratio
CA$4.40m
Debt
| Interest coverage ratio | 39.6x |
| Cash | CA$2.97m |
| Equity | CA$32.40m |
| Total liabilities | CA$26.69m |
| Total assets | CA$59.09m |
Recent financial health updates
Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?
May 14
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 20Recent updates
Under The Bonnet, Tornado Global Hydrovacs' (CVE:TGH) Returns Look Impressive
Nov 23Earnings Not Telling The Story For Tornado Global Hydrovacs Ltd. (CVE:TGH) After Shares Rise 32%
Oct 10At CA$0.94, Is Tornado Global Hydrovacs Ltd. (CVE:TGH) Worth Looking At Closely?
Aug 01Is Tornado Global Hydrovacs (CVE:TGH) A Risky Investment?
May 14Tornado 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$47.7M) exceed its short term liabilities (CA$21.6M).
Long Term Liabilities: TGH's short term assets (CA$47.7M) exceed its long term liabilities (CA$5.1M).
Debt to Equity History and Analysis
Debt Level: TGH's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: TGH's debt to equity ratio has increased from 2.1% to 13.6% over the past 5 years.
Debt Coverage: TGH's debt is well covered by operating cash flow (181.3%).
Interest Coverage: TGH's interest payments on its debt are well covered by EBIT (39.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 05:01 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Tornado Infrastructure Equipment Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Stanley | Beacon Securities Limited |