Trifast Balance Sheet Health
Financial Health criteria checks 4/6
Trifast has a total shareholder equity of £131.9M and total debt of £59.9M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are £256.5M and £124.6M respectively. Trifast's EBIT is £10.6M making its interest coverage ratio 2.3. It has cash and short-term investments of £32.0M.
Key information
45.4%
Debt to equity ratio
UK£59.86m
Debt
Interest coverage ratio | 2.3x |
Cash | UK£32.03m |
Equity | UK£131.91m |
Total liabilities | UK£124.63m |
Total assets | UK£256.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 25D's short term assets (£175.4M) exceed its short term liabilities (£44.8M).
Long Term Liabilities: 25D's short term assets (£175.4M) exceed its long term liabilities (£79.8M).
Debt to Equity History and Analysis
Debt Level: 25D's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: 25D's debt to equity ratio has increased from 35.3% to 45.4% over the past 5 years.
Debt Coverage: 25D's debt is well covered by operating cash flow (43.4%).
Interest Coverage: 25D's interest payments on its debt are not well covered by EBIT (2.3x coverage).