Titan Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Titan Machinery has a total shareholder equity of $659.6M and total debt of $1.3B, which brings its debt-to-equity ratio to 193.4%. Its total assets and total liabilities are $2.2B and $1.6B respectively. Titan Machinery's EBIT is $126.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $31.2M.
Key information
193.4%
Debt to equity ratio
US$1.28b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$31.22m |
| Equity | US$659.57m |
| Total liabilities | US$1.56b |
| Total assets | US$2.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3TY's short term assets ($1.7B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 3TY's short term assets ($1.7B) exceed its long term liabilities ($217.6M).
Debt to Equity History and Analysis
Debt Level: 3TY's net debt to equity ratio (188.6%) is considered high.
Reducing Debt: 3TY's debt to equity ratio has increased from 140.3% to 193.4% over the past 5 years.
Debt Coverage: 3TY's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: 3TY's interest payments on its debt are well covered by EBIT (3.3x coverage).