TerraVest Industries Balance Sheet Health

Financial Health criteria checks 4/6

TerraVest Industries has a total shareholder equity of CA$262.1M and total debt of CA$321.9M, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are CA$804.1M and CA$541.9M respectively. TerraVest Industries's EBIT is CA$98.7M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$18.2M.

Key information

122.8%

Debt to equity ratio

CA$321.92m

Debt

Interest coverage ratio5.3x
CashCA$18.18m
EquityCA$262.14m
Total liabilitiesCA$541.94m
Total assetsCA$804.08m

Recent financial health updates

Recent updates

TerraVest Industries Inc.'s (TSE:TVK) Shares Climb 25% But Its Business Is Yet to Catch Up

Feb 15
TerraVest Industries Inc.'s (TSE:TVK) Shares Climb 25% But Its Business Is Yet to Catch Up

Is Now The Time To Put TerraVest Industries (TSE:TVK) On Your Watchlist?

Dec 14
Is Now The Time To Put TerraVest Industries (TSE:TVK) On Your Watchlist?

TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10

Sep 16
TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10

TerraVest Industries (TSE:TVK) Takes On Some Risk With Its Use Of Debt

May 17
TerraVest Industries (TSE:TVK) Takes On Some Risk With Its Use Of Debt

TerraVest Industries' (TSE:TVK) Dividend Will Be CA$0.10

May 17
TerraVest Industries' (TSE:TVK) Dividend Will Be CA$0.10

TerraVest Industries (TSE:TVK) Is Due To Pay A Dividend Of CA$0.10

Mar 23
TerraVest Industries (TSE:TVK) Is Due To Pay A Dividend Of CA$0.10

TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10

Dec 16
TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10

TerraVest Industries (TSE:TVK) Has Affirmed Its Dividend Of CA$0.10

Sep 14
TerraVest Industries (TSE:TVK) Has Affirmed Its Dividend Of CA$0.10

TerraVest Industries (TSE:TVK) Has Announced A Dividend Of CA$0.10

Aug 14
TerraVest Industries (TSE:TVK) Has Announced A Dividend Of CA$0.10

TerraVest Industries (TSE:TVK) Has More To Do To Multiply In Value Going Forward

Apr 06
TerraVest Industries (TSE:TVK) Has More To Do To Multiply In Value Going Forward

What Type Of Shareholders Make Up TerraVest Industries Inc.'s (TSE:TVK) Share Registry?

Mar 16
What Type Of Shareholders Make Up TerraVest Industries Inc.'s (TSE:TVK) Share Registry?

Is It Worth Buying TerraVest Industries Inc. (TSE:TVK) For Its 2.3% Dividend Yield?

Mar 02
Is It Worth Buying TerraVest Industries Inc. (TSE:TVK) For Its 2.3% Dividend Yield?

What We Learned About TerraVest Industries' (TSE:TVK) CEO Compensation

Feb 16
What We Learned About TerraVest Industries' (TSE:TVK) CEO Compensation

Is TerraVest Industries (TSE:TVK) Using Too Much Debt?

Feb 02
Is TerraVest Industries (TSE:TVK) Using Too Much Debt?

Shareholders Of TerraVest Industries (TSE:TVK) Must Be Happy With Their 200% Total Return

Jan 21
Shareholders Of TerraVest Industries (TSE:TVK) Must Be Happy With Their 200% Total Return

The Executive Chairman of TerraVest Industries Inc. (TSE:TVK), Charles Pellerin, Just Bought A Few More Shares

Jan 10
The Executive Chairman of TerraVest Industries Inc. (TSE:TVK), Charles Pellerin, Just Bought A Few More Shares

Here's Why I Think TerraVest Industries (TSE:TVK) Is An Interesting Stock

Jan 08
Here's Why I Think TerraVest Industries (TSE:TVK) Is An Interesting Stock

Should You Buy TerraVest Industries Inc. (TSE:TVK) For Its Upcoming Dividend?

Dec 25
Should You Buy TerraVest Industries Inc. (TSE:TVK) For Its Upcoming Dividend?

What Kind Of Investors Own Most Of TerraVest Industries Inc. (TSE:TVK)?

Dec 16
What Kind Of Investors Own Most Of TerraVest Industries Inc. (TSE:TVK)?

Returns On Capital At TerraVest Industries (TSE:TVK) Paint An Interesting Picture

Dec 03
Returns On Capital At TerraVest Industries (TSE:TVK) Paint An Interesting Picture

TerraVest Industries Inc. (TSE:TVK) Is An Attractive Dividend Stock - Here's Why

Nov 18
TerraVest Industries Inc. (TSE:TVK) Is An Attractive Dividend Stock - Here's Why

Financial Position Analysis

Short Term Liabilities: TVK's short term assets (CA$364.3M) exceed its short term liabilities (CA$176.3M).

Long Term Liabilities: TVK's short term assets (CA$364.3M) do not cover its long term liabilities (CA$365.6M).


Debt to Equity History and Analysis

Debt Level: TVK's net debt to equity ratio (115.9%) is considered high.

Reducing Debt: TVK's debt to equity ratio has reduced from 127.6% to 122.8% over the past 5 years.

Debt Coverage: TVK's debt is well covered by operating cash flow (29.8%).

Interest Coverage: TVK's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


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