TerraVest Industries Balance Sheet Health
Financial Health criteria checks 4/6
TerraVest Industries has a total shareholder equity of CA$284.7M and total debt of CA$281.1M, which brings its debt-to-equity ratio to 98.8%. Its total assets and total liabilities are CA$799.6M and CA$514.9M respectively. TerraVest Industries's EBIT is CA$108.2M making its interest coverage ratio 5. It has cash and short-term investments of CA$18.1M.
Key information
98.8%
Debt to equity ratio
CA$281.15m
Debt
| Interest coverage ratio | 5x |
| Cash | CA$18.15m |
| Equity | CA$284.68m |
| Total liabilities | CA$514.90m |
| Total assets | CA$799.58m |
Recent financial health updates
TerraVest Industries (TSE:TVK) Has A Pretty Healthy Balance Sheet
Mar 28
TerraVest Industries (TSE:TVK) Takes On Some Risk With Its Use Of Debt
May 17Recent updates
TerraVest Industries (TSE:TVK) Has A Pretty Healthy Balance Sheet
Mar 28TerraVest Industries Inc.'s (TSE:TVK) Shares Climb 25% But Its Business Is Yet to Catch Up
Feb 15Is Now The Time To Put TerraVest Industries (TSE:TVK) On Your Watchlist?
Dec 14TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10
Sep 16TerraVest Industries (TSE:TVK) Takes On Some Risk With Its Use Of Debt
May 17TerraVest Industries' (TSE:TVK) Dividend Will Be CA$0.10
May 17TerraVest Industries (TSE:TVK) Is Due To Pay A Dividend Of CA$0.10
Mar 23TerraVest Industries (TSE:TVK) Will Pay A Dividend Of CA$0.10
Dec 16TerraVest Industries (TSE:TVK) Has Affirmed Its Dividend Of CA$0.10
Sep 14TerraVest Industries (TSE:TVK) Has Announced A Dividend Of CA$0.10
Aug 14TerraVest Industries (TSE:TVK) Has More To Do To Multiply In Value Going Forward
Apr 06What Type Of Shareholders Make Up TerraVest Industries Inc.'s (TSE:TVK) Share Registry?
Mar 16Is It Worth Buying TerraVest Industries Inc. (TSE:TVK) For Its 2.3% Dividend Yield?
Mar 02What We Learned About TerraVest Industries' (TSE:TVK) CEO Compensation
Feb 16Financial Position Analysis
Short Term Liabilities: TVK's short term assets (CA$357.0M) exceed its short term liabilities (CA$152.4M).
Long Term Liabilities: TVK's short term assets (CA$357.0M) do not cover its long term liabilities (CA$362.5M).
Debt to Equity History and Analysis
Debt Level: TVK's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: TVK's debt to equity ratio has reduced from 128% to 98.8% over the past 5 years.
Debt Coverage: TVK's debt is well covered by operating cash flow (42.7%).
Interest Coverage: TVK's interest payments on its debt are well covered by EBIT (5x coverage).