TAKKT Balance Sheet Health
Financial Health criteria checks 6/6
TAKKT has a total shareholder equity of €651.4M and total debt of €98.2M, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are €1.0B and €365.7M respectively. TAKKT's EBIT is €59.0M making its interest coverage ratio 9.3. It has cash and short-term investments of €8.4M.
Key information
15.1%
Debt to equity ratio
€98.20m
Debt
Interest coverage ratio | 9.3x |
Cash | €8.40m |
Equity | €651.40m |
Total liabilities | €365.70m |
Total assets | €1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTK's short term assets (€278.3M) exceed its short term liabilities (€161.6M).
Long Term Liabilities: TTK's short term assets (€278.3M) exceed its long term liabilities (€204.1M).
Debt to Equity History and Analysis
Debt Level: TTK's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: TTK's debt to equity ratio has reduced from 29.2% to 15.1% over the past 5 years.
Debt Coverage: TTK's debt is well covered by operating cash flow (115.7%).
Interest Coverage: TTK's interest payments on its debt are well covered by EBIT (9.3x coverage).