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's (TSE:TSL) Dividend Will Be CA$0.03
Dec 17
Tree Island Steel (TSE:TSL) Has Announced A Dividend Of CA$0.03
Sep 20Tree 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 13:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tree Island Steel Ltd. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yuri Lynk | Canaccord Genuity |
| Margaret MacDougall | Cormark Securities Inc. |
| David Quezada | Raymond James Ltd. |