Titan Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Titan Machinery has a total shareholder equity of $657.6M and total debt of $1.0B, which brings its debt-to-equity ratio to 152.7%. Its total assets and total liabilities are $2.0B and $1.3B respectively. Titan Machinery's EBIT is $168.8M making its interest coverage ratio 8. It has cash and short-term investments of $38.1M.
Key information
152.7%
Debt to equity ratio
US$1.00b
Debt
Interest coverage ratio | 8x |
Cash | US$38.07m |
Equity | US$657.64m |
Total liabilities | US$1.33b |
Total assets | US$1.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3TY's short term assets ($1.5B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: 3TY's short term assets ($1.5B) exceed its long term liabilities ($182.2M).
Debt to Equity History and Analysis
Debt Level: 3TY's net debt to equity ratio (146.9%) is considered high.
Reducing Debt: 3TY's debt to equity ratio has increased from 96.3% to 152.7% over the past 5 years.
Debt Coverage: 3TY's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3TY's interest payments on its debt are well covered by EBIT (8x coverage).