Techtronic Industries Company Limited

DB:TIB Stock Report

Market Cap: €25.4b

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 ratio19x
CashUS$1.44b
EquityUS$6.25b
Total liabilitiesUS$6.87b
Total assetsUS$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).


Balance Sheet


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