Tecsys Balance Sheet Health
Financial Health criteria checks 6/6
Tecsys has a total shareholder equity of CA$66.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$121.3M and CA$54.5M respectively. Tecsys's EBIT is CA$3.4M making its interest coverage ratio -4.1. It has cash and short-term investments of CA$27.1M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -4.1x |
| Cash | CA$27.06m |
| Equity | CA$66.83m |
| Total liabilities | CA$54.51m |
| Total assets | CA$121.35m |
Recent financial health updates
Does Tecsys (TSE:TCS) Have A Healthy Balance Sheet?
May 31
Tecsys (TSE:TCS) Seems To Use Debt Rather Sparingly
Dec 30Recent updates
Tecsys' (TSE:TCS) Soft Earnings Don't Show The Whole Picture
Sep 18Tecsys (TSE:TCS) Is Due To Pay A Dividend Of CA$0.08
Jul 02We Like These Underlying Return On Capital Trends At Tecsys (TSE:TCS)
May 06Capital Allocation Trends At Tecsys (TSE:TCS) Aren't Ideal
Jan 26Calculating The Fair Value Of Tecsys Inc. (TSE:TCS)
Nov 29Tecsys' (TSE:TCS) Dividend Will Be CA$0.075
Sep 12Tecsys' (TSE:TCS) Returns On Capital Not Reflecting Well On The Business
Aug 31Tecsys (TSE:TCS) Has Affirmed Its Dividend Of CA$0.075
Jul 03Tecsys' (TSE:TCS) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 10Be Wary Of Tecsys (TSE:TCS) And Its Returns On Capital
Feb 14The Returns On Capital At Tecsys (TSE:TCS) Don't Inspire Confidence
Jul 21Does Tecsys (TSE:TCS) Have A Healthy Balance Sheet?
May 31Tecsys (TSE:TCS) Has Affirmed Its Dividend Of CA$0.07
Mar 15Tecsys (TSE:TCS) Seems To Use Debt Rather Sparingly
Dec 30Is Tecsys Inc. (TSE:TCS) Worth CA$58.4 Based On Its Intrinsic Value?
Nov 03Financial Position Analysis
Short Term Liabilities: TCS's short term assets (CA$72.0M) exceed its short term liabilities (CA$52.2M).
Long Term Liabilities: TCS's short term assets (CA$72.0M) exceed its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: TCS is debt free.
Reducing Debt: TCS has no debt compared to 5 years ago when its debt to equity ratio was 31.1%.
Debt Coverage: TCS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TCS has no debt, therefore coverage of interest payments is not a concern.