Trifast Balance Sheet Health
Financial Health criteria checks 4/6
Trifast has a total shareholder equity of £121.8M and total debt of £40.4M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are £228.6M and £106.7M respectively. Trifast's EBIT is £9.1M making its interest coverage ratio 1.9. It has cash and short-term investments of £25.1M.
Key information
33.2%
Debt to equity ratio
UK£40.43m
Debt
| Interest coverage ratio | 1.9x |
| Cash | UK£25.07m |
| Equity | UK£121.82m |
| Total liabilities | UK£106.74m |
| Total assets | UK£228.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 25D's short term assets (£154.8M) exceed its short term liabilities (£47.1M).
Long Term Liabilities: 25D's short term assets (£154.8M) exceed its long term liabilities (£59.6M).
Debt to Equity History and Analysis
Debt Level: 25D's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 25D's debt to equity ratio has increased from 32.9% to 33.2% over the past 5 years.
Debt Coverage: 25D's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 25D's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 04:24 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Trifast plc is covered by 13 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Simms | Arden Partners Plc. |
| Joseph Bloomfield | Berenberg |
| David Buxton | Cavendish |