TerraVest Industries Inc.
TSX:TVK Stock Report
TerraVest Industries Balance Sheet Health
Financial Health criteria checks 5/6 TerraVest Industries has a total shareholder equity of CA$387.9M and total debt of CA$191.8M, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CA$839.3M and CA$451.4M respectively. TerraVest Industries's EBIT is CA$119.2M making its interest coverage ratio 5. It has cash and short-term investments of CA$27.9M.
Key information
49.4%
Debt to equity ratio
Interest coverage ratio 5x Cash CA$27.89m Equity CA$387.88m Total liabilities CA$451.42m Total assets CA$839.30m
Recent financial health updates
Show all updates
A Look At The Intrinsic Value Of TerraVest Industries Inc. (TSE:TVK) Nov 09
Executive Chairman recently sold CA$1.8m worth of stock Oct 07
Upcoming dividend of CA$0.15 per share Sep 20
Third quarter dividend of CA$0.15 announced Aug 16
Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Aug 15
TerraVest Industries Inc.'s (TSE:TVK) P/E Is Still On The Mark Following 26% Share Price Bounce Aug 15
Investor sentiment improves as stock rises 24% Aug 14
TerraVest Industries Inc. Declares Quarterly Dividend on Common Shares, Payable on October 10, 2024 Aug 14
Independent Director recently sold CA$6.3m worth of stock Jun 13
Insider recently bought CA$31m worth of stock May 29
Insider recently sold CA$770k worth of stock May 20 TerraVest Industries Inc. has completed a Follow-on Equity Offering in the amount of CAD 84.1995 million. May 16
Second quarter dividend of CA$0.15 announced May 12
New minor risk - Shareholder dilution May 10 TerraVest Industries Inc. has filed a Follow-on Equity Offering in the amount of CAD 64.5975 million.
Second quarter 2024 earnings released: EPS: CA$1.23 (vs CA$0.50 in 2Q 2023) May 08
New minor risk - Insider selling Apr 16
TerraVest Industries Inc. (TSX:TVK) entered into an agreement to acquire Advance Engineered Products Ltd. Apr 02
TerraVest Industries (TSE:TVK) Has A Pretty Healthy Balance Sheet Mar 28
Upcoming dividend of CA$0.15 per share Mar 20
TerraVest Industries Inc.'s (TSE:TVK) Shares Climb 25% But Its Business Is Yet to Catch Up Feb 15
First quarter dividend of CA$0.15 announced Feb 11
Full year 2023 earnings released: EPS: CA$2.35 (vs CA$2.53 in FY 2022) Feb 09
Investor sentiment improves as stock rises 17% Feb 08
TerraVest Industries Inc. Declares Quarterly Dividend, Payable on April 10, 2024 Feb 08
Upcoming dividend of CA$0.15 per share at 1.5% yield Dec 21
Full year 2023 earnings released: EPS: CA$2.35 (vs CA$2.53 in FY 2022) Dec 14
Is Now The Time To Put TerraVest Industries (TSE:TVK) On Your Watchlist? Dec 14
TerraVest Industries Inc. Announces Quarterly Dividend, Payable on January 10, 2024 Dec 13
TerraVest Industries Inc., Annual General Meeting, Feb 07, 2024 Dec 09
Investor sentiment improves as stock rises 16% Nov 02 TerraVest Industries Inc. (TSX:TVK) entered into an agreement to acquire Assets of Highland Tank for $78 million. Nov 02
Upcoming dividend of CA$0.13 per share at 1.3% yield Sep 21
Third quarter 2023 earnings released: EPS: CA$0.45 (vs CA$0.54 in 3Q 2022) Aug 13
TerraVest Industries Inc. Declares Quarterly Dividend, Payable on October 10, 2023 Aug 12
Investor sentiment improves as stock rises 18% Jul 20
Insider recently sold CA$1.1m worth of stock Jul 20
Upcoming dividend of CA$0.13 per share at 1.8% yield Jun 22
Chief Investment Officer recently sold CA$389k worth of stock May 20 TerraVest Industries Inc. (TSX:TVK) completed the acquisition of the assets of Secure Energy (Drilling Services) Inc.
Second quarter 2023 earnings released: EPS: CA$0.50 (vs CA$0.47 in 2Q 2022) May 10
CEO, President & Director exercised options to buy CA$2.2m worth of stock. Apr 21
Chief Investment Officer recently sold CA$84k worth of stock Apr 08
Upcoming dividend of CA$0.13 per share at 1.9% yield Mar 23
First quarter 2023 earnings released: EPS: CA$0.67 (vs CA$0.60 in 1Q 2022) Feb 10 TerraVest Industries Inc. (TSX:TVK) acquired T.S.X. Transport Inc. for CAD 3.5 million.
Upcoming dividend of CA$0.13 per share Dec 22
TerraVest Industries Inc., Annual General Meeting, Feb 08, 2023 Dec 17
Terravest Industries Inc. Declares Quarterly Dividend, Payable on January 10, 2023 Dec 15
Full year 2022 earnings released: EPS: CA$2.53 (vs CA$2.02 in FY 2021) Dec 15
Insufficient new directors Nov 17
Upcoming dividend of CA$0.10 per share Sep 21
TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10 Sep 16
Third quarter 2022 earnings released: EPS: CA$0.54 (vs CA$0.25 in 3Q 2021) Aug 11
Terravest Industries Inc. Declares Its Quarterly Dividend Payable on October 11, 2022 Aug 11
Executive Chairman recently bought CA$230k worth of stock Jul 15
TerraVest Industries Inc. (TSX:TVK) acquired Platinum Energy Services Corp. Jul 08
Upcoming dividend of CA$0.10 per share Jun 22
TerraVest Industries (TSE:TVK) Takes On Some Risk With Its Use Of Debt May 17
TerraVest Industries' (TSE:TVK) Dividend Will Be CA$0.10 May 17
Second quarter 2022 earnings released: EPS: CA$0.47 (vs CA$0.58 in 2Q 2021) May 13
TerraVest Industries Inc. Declares Quarterly Dividend, Payable on July 11, 2022 May 13
Insufficient new directors Apr 27
TerraVest Industries (TSE:TVK) Is Due To Pay A Dividend Of CA$0.10 Mar 23
Upcoming dividend of CA$0.10 per share Mar 23
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Feb 12
Terravest Industries Inc. Declares Its Quarterly Dividend, Payable on April 11, 2022 Feb 11
Upcoming dividend of CA$0.10 per share Dec 23
TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10 Dec 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Dec 10
Upcoming dividend of CA$0.10 per share Sep 21
Investor sentiment improved over the past week Sep 16
TerraVest Industries (TSE:TVK) Has Affirmed Its Dividend Of CA$0.10 Sep 14
TerraVest Industries Inc. (TSX:TVK) acquired ECR International, Inc. Aug 21
TerraVest Industries (TSE:TVK) Has Announced A Dividend Of CA$0.10 Aug 14
Third quarter 2021 earnings released: EPS CA$0.25 (vs CA$0.21 in 3Q 2020) Aug 12
Upcoming dividend of CA$0.10 per share Jun 22
Chief Investment Officer exercised options to buy CA$2.1m worth of stock. May 31
Second quarter 2021 earnings released: EPS CA$0.58 (vs CA$0.28 in 2Q 2020) May 16
TerraVest Declares Quarterly Dividend, Payable on July 12, 2021 May 13
TerraVest Industries (TSE:TVK) Has More To Do To Multiply In Value Going Forward Apr 06
Upcoming Dividend of CA$0.10 Per Share Mar 23
Financial Position Analysis
Short Term Liabilities: TVK's short term assets (CA$390.8M) exceed its short term liabilities (CA$168.8M).
Long Term Liabilities: TVK's short term assets (CA$390.8M) exceed its long term liabilities (CA$282.6M).
Debt to Equity History and Analysis
Debt Level: TVK's net debt to equity ratio (42.3%) is considered high .
Reducing Debt: TVK's debt to equity ratio has reduced from 117.9% to 49.4% over the past 5 years.
Debt Coverage: TVK's debt is well covered by operating cash flow (76.5%).
Interest Coverage: TVK's interest payments on its debt are well covered by EBIT (5x coverage).
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