Tulikivi Balance Sheet Health
Financial Health criteria checks 5/6
Tulikivi has a total shareholder equity of €18.1M and total debt of €10.6M, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are €38.7M and €20.6M respectively. Tulikivi's EBIT is €5.5M making its interest coverage ratio 7. It has cash and short-term investments of €2.7M.
Key information
58.2%
Debt to equity ratio
€10.56m
Debt
Interest coverage ratio | 7x |
Cash | €2.68m |
Equity | €18.13m |
Total liabilities | €20.58m |
Total assets | €38.71m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TUZA's short term assets (€15.3M) exceed its short term liabilities (€9.4M).
Long Term Liabilities: TUZA's short term assets (€15.3M) exceed its long term liabilities (€11.1M).
Debt to Equity History and Analysis
Debt Level: TUZA's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: TUZA's debt to equity ratio has reduced from 165.2% to 58.2% over the past 5 years.
Debt Coverage: TUZA's debt is well covered by operating cash flow (46.2%).
Interest Coverage: TUZA's interest payments on its debt are well covered by EBIT (7x coverage).