Toromont Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toromont Industries has a total shareholder equity of CA$2.7B and total debt of CA$647.8M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are CA$4.6B and CA$1.9B respectively. Toromont Industries's EBIT is CA$704.2M making its interest coverage ratio -39.4. It has cash and short-term investments of CA$1.0B.
Key information
24.1%
Debt to equity ratio
CA$647.78m
Debt
Interest coverage ratio | -39.4x |
Cash | CA$1.04b |
Equity | CA$2.68b |
Total liabilities | CA$1.89b |
Total assets | CA$4.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 14T's short term assets (CA$2.8B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: 14T's short term assets (CA$2.8B) exceed its long term liabilities (CA$821.9M).
Debt to Equity History and Analysis
Debt Level: 14T has more cash than its total debt.
Reducing Debt: 14T's debt to equity ratio has reduced from 48.6% to 24.1% over the past 5 years.
Debt Coverage: 14T's debt is well covered by operating cash flow (54.9%).
Interest Coverage: 14T earns more interest than it pays, so coverage of interest payments is not a concern.