Tetra Tech Balance Sheet Health
Financial Health criteria checks 4/6
Tetra Tech has a total shareholder equity of $1.5B and total debt of $945.3M, which brings its debt-to-equity ratio to 61.5%. Its total assets and total liabilities are $4.0B and $2.4B respectively. Tetra Tech's EBIT is $434.4M making its interest coverage ratio 8.6. It has cash and short-term investments of $198.7M.
Key information
61.5%
Debt to equity ratio
US$945.32m
Debt
Interest coverage ratio | 8.6x |
Cash | US$198.69m |
Equity | US$1.54b |
Total liabilities | US$2.41b |
Total assets | US$3.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TT6's short term assets ($1.5B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: TT6's short term assets ($1.5B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: TT6's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: TT6's debt to equity ratio has increased from 27.6% to 61.5% over the past 5 years.
Debt Coverage: TT6's debt is well covered by operating cash flow (37.3%).
Interest Coverage: TT6's interest payments on its debt are well covered by EBIT (8.6x coverage).