TAKKT Balance Sheet Health
Financial Health criteria checks 6/6
TAKKT has a total shareholder equity of €585.3M and total debt of €144.2M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are €990.4M and €405.1M respectively. TAKKT's EBIT is €36.2M making its interest coverage ratio 5.7. It has cash and short-term investments of €5.5M.
Key information
24.6%
Debt to equity ratio
€144.20m
Debt
| Interest coverage ratio | 5.7x |
| Cash | €5.50m |
| Equity | €585.30m |
| Total liabilities | €405.10m |
| Total assets | €990.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTK's short term assets (€267.0M) exceed its short term liabilities (€188.7M).
Long Term Liabilities: TTK's short term assets (€267.0M) exceed its long term liabilities (€216.4M).
Debt to Equity History and Analysis
Debt Level: TTK's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: TTK's debt to equity ratio has reduced from 33.3% to 24.6% over the past 5 years.
Debt Coverage: TTK's debt is well covered by operating cash flow (62.2%).
Interest Coverage: TTK's interest payments on its debt are well covered by EBIT (5.7x coverage).