Techtronic Industries Balance Sheet Health
Financial Health criteria checks 6/6
Techtronic Industries has a total shareholder equity of $6.3B and total debt of $1.8B, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are $13.1B and $6.9B respectively. Techtronic Industries's EBIT is $1.2B making its interest coverage ratio 19. It has cash and short-term investments of $1.4B.
Key information
28.8%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 19x |
| Cash | US$1.44b |
| Equity | US$6.25b |
| Total liabilities | US$6.87b |
| Total assets | US$13.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIB's short term assets ($7.9B) exceed its short term liabilities ($5.1B).
Long Term Liabilities: TIB's short term assets ($7.9B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: TIB's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: TIB's debt to equity ratio has reduced from 52.9% to 28.8% over the past 5 years.
Debt Coverage: TIB's debt is well covered by operating cash flow (121.2%).
Interest Coverage: TIB's interest payments on its debt are well covered by EBIT (19x coverage).