Toro Balance Sheet Health
Financial Health criteria checks 5/6
Toro has a total shareholder equity of $1.6B and total debt of $991.9M, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are $3.7B and $2.1B respectively. Toro's EBIT is $538.2M making its interest coverage ratio 8.6. It has cash and short-term investments of $221.1M.
Key information
60.6%
Debt to equity ratio
US$991.90m
Debt
| Interest coverage ratio | 8.6x |
| Cash | US$221.10m |
| Equity | US$1.64b |
| Total liabilities | US$2.10b |
| Total assets | US$3.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TO2's short term assets ($1.9B) exceed its short term liabilities ($984.4M).
Long Term Liabilities: TO2's short term assets ($1.9B) exceed its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: TO2's net debt to equity ratio (47.1%) is considered high.
Reducing Debt: TO2's debt to equity ratio has reduced from 85.4% to 60.6% over the past 5 years.
Debt Coverage: TO2's debt is well covered by operating cash flow (48.6%).
Interest Coverage: TO2's interest payments on its debt are well covered by EBIT (8.6x coverage).