Tree Island Steel Balance Sheet Health
Financial Health criteria checks 6/6
Tree Island Steel has a total shareholder equity of CA$121.1M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$170.5M and CA$49.4M respectively. Tree Island Steel's EBIT is CA$1.3M making its interest coverage ratio 0.8. It has cash and short-term investments of CA$8.3M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | 0.8x |
| Cash | CA$8.28m |
| Equity | CA$121.07m |
| Total liabilities | CA$49.42m |
| Total assets | CA$170.48m |
Recent financial health updates
Recent updates
Tree Island Steel (TSE:TSL) Has Announced A Dividend Of CA$0.03
Sep 20
Tree Island Steel's (TSE:TSL) Soft Earnings Don't Show The Whole Picture
Mar 22Calculating The Intrinsic Value Of Tree Island Steel Ltd. (TSE:TSL)
Jul 31Tree Island Steel (TSE:TSL) Is Paying Out A Dividend Of CA$0.05
Jun 20Investors Should Be Encouraged By Tree Island Steel's (TSE:TSL) Returns On Capital
May 10If You Like EPS Growth Then Check Out Tree Island Steel (TSE:TSL) Before It's Too Late
Mar 04We Think That There Are Issues Underlying Tree Island Steel's (TSE:TSL) Earnings
Nov 17We Think Tree Island Steel (TSE:TSL) Can Stay On Top Of Its Debt
Sep 13Financial Position Analysis
Short Term Liabilities: TSL's short term assets (CA$100.6M) exceed its short term liabilities (CA$19.6M).
Long Term Liabilities: TSL's short term assets (CA$100.6M) exceed its long term liabilities (CA$29.8M).
Debt to Equity History and Analysis
Debt Level: TSL is debt free.
Reducing Debt: TSL has no debt compared to 5 years ago when its debt to equity ratio was 115.1%.
Debt Coverage: TSL has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TSL has no debt, therefore coverage of interest payments is not a concern.