Thomson Reuters Balance Sheet Health
Financial Health criteria checks 5/6
Thomson Reuters has a total shareholder equity of $11.9B and total debt of $2.9B, which brings its debt-to-equity ratio to 24.3%. Its total assets and total liabilities are $18.4B and $6.6B respectively. Thomson Reuters's EBIT is $1.9B making its interest coverage ratio 18.3. It has cash and short-term investments of $1.8B.
Key information
24.3%
Debt to equity ratio
US$2.88b
Debt
| Interest coverage ratio | 18.3x |
| Cash | US$1.79b |
| Equity | US$11.87b |
| Total liabilities | US$6.56b |
| Total assets | US$18.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOC's short term assets ($3.4B) do not cover its short term liabilities ($3.6B).
Long Term Liabilities: TOC's short term assets ($3.4B) exceed its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: TOC's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: TOC's debt to equity ratio has reduced from 38.4% to 24.3% over the past 5 years.
Debt Coverage: TOC's debt is well covered by operating cash flow (90.1%).
Interest Coverage: TOC's interest payments on its debt are well covered by EBIT (18.3x coverage).