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
CA$191.80m
Debt
| 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
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 Inc.'s (TSE:TVK) P/E Is Still On The Mark Following 26% Share Price Bounce
Aug 15TerraVest 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 16Financial 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).