Tecnoglass Balance Sheet Health
Financial Health criteria checks 6/6
Tecnoglass has a total shareholder equity of $573.6M and total debt of $158.8M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are $981.6M and $407.9M respectively. Tecnoglass's EBIT is $232.1M making its interest coverage ratio 25.8. It has cash and short-term investments of $146.3M.
Key information
27.7%
Debt to equity ratio
US$158.81m
Debt
Interest coverage ratio | 25.8x |
Cash | US$146.27m |
Equity | US$573.65m |
Total liabilities | US$407.92m |
Total assets | US$981.57m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7FH's short term assets ($549.6M) exceed its short term liabilities ($235.7M).
Long Term Liabilities: 7FH's short term assets ($549.6M) exceed its long term liabilities ($172.3M).
Debt to Equity History and Analysis
Debt Level: 7FH's net debt to equity ratio (2.2%) is considered satisfactory.
Reducing Debt: 7FH's debt to equity ratio has reduced from 141.9% to 27.7% over the past 5 years.
Debt Coverage: 7FH's debt is well covered by operating cash flow (81.4%).
Interest Coverage: 7FH's interest payments on its debt are well covered by EBIT (25.8x coverage).