Transcontinental Balance Sheet Health
Financial Health criteria checks 5/6
Transcontinental has a total shareholder equity of CA$1.9B and total debt of CA$908.0M, which brings its debt-to-equity ratio to 48%. Its total assets and total liabilities are CA$3.5B and CA$1.6B respectively. Transcontinental's EBIT is CA$248.2M making its interest coverage ratio 5.1. It has cash and short-term investments of CA$79.9M.
Key information
48.0%
Debt to equity ratio
CA$908.00m
Debt
| Interest coverage ratio | 5.1x |
| Cash | CA$79.90m |
| Equity | CA$1.89b |
| Total liabilities | CA$1.63b |
| Total assets | CA$3.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCL.B's short term assets (CA$995.1M) exceed its short term liabilities (CA$669.1M).
Long Term Liabilities: TCL.B's short term assets (CA$995.1M) exceed its long term liabilities (CA$958.7M).
Debt to Equity History and Analysis
Debt Level: TCL.B's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: TCL.B's debt to equity ratio has reduced from 85.9% to 48% over the past 5 years.
Debt Coverage: TCL.B's debt is well covered by operating cash flow (52.3%).
Interest Coverage: TCL.B's interest payments on its debt are well covered by EBIT (5.1x coverage).