Thomson Reuters Balance Sheet Health
Financial Health criteria checks 4/6
Thomson Reuters has a total shareholder equity of $11.0B and total debt of $3.8B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are $18.8B and $7.8B respectively. Thomson Reuters's EBIT is $2.0B making its interest coverage ratio 17.8. It has cash and short-term investments of $1.9B.
Key information
34.6%
Debt to equity ratio
US$3.82b
Debt
Interest coverage ratio | 17.8x |
Cash | US$1.92b |
Equity | US$11.04b |
Total liabilities | US$7.78b |
Total assets | US$18.82b |
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 ($3.5B).
Long Term Liabilities: TOC's short term assets ($3.4B) do not cover its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: TOC's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: TOC's debt to equity ratio has reduced from 36.7% to 34.6% over the past 5 years.
Debt Coverage: TOC's debt is well covered by operating cash flow (65.6%).
Interest Coverage: TOC's interest payments on its debt are well covered by EBIT (17.8x coverage).