Turbon Balance Sheet Health
Financial Health criteria checks 6/6
Turbon has a total shareholder equity of €27.2M and total debt of €936.0K, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are €45.2M and €18.0M respectively. Turbon's EBIT is €2.0M making its interest coverage ratio 8.2. It has cash and short-term investments of €4.7M.
Key information
3.4%
Debt to equity ratio
€936.00k
Debt
| Interest coverage ratio | 8.2x |
| Cash | €4.70m |
| Equity | €27.23m |
| Total liabilities | €18.00m |
| Total assets | €45.23m |
Recent financial health updates
Turbon (FRA:TUR) Has A Somewhat Strained Balance Sheet
Sep 12
Turbon (FRA:TUR) Has Debt But No Earnings; Should You Worry?
May 12Recent updates
Returns On Capital Are Showing Encouraging Signs At Turbon (FRA:TUR)
Oct 13A Piece Of The Puzzle Missing From Turbon AG's (FRA:TUR) 30% Share Price Climb
Aug 14Returns On Capital Are Showing Encouraging Signs At Turbon (FRA:TUR)
Jul 13Investors Still Aren't Entirely Convinced By Turbon AG's (FRA:TUR) Revenues Despite 27% Price Jump
May 09Calculating The Intrinsic Value Of Turbon AG (FRA:TUR)
Apr 30Take Care Before Diving Into The Deep End On Turbon AG (FRA:TUR)
Feb 13Returns On Capital Are Showing Encouraging Signs At Turbon (FRA:TUR)
Dec 07Revenues Not Telling The Story For Turbon AG (FRA:TUR)
Aug 10The Return Trends At Turbon (FRA:TUR) Look Promising
Apr 25Turbon (FRA:TUR) Is Looking To Continue Growing Its Returns On Capital
Jan 07Shareholders Shouldn’t Be Too Comfortable With Turbon's (FRA:TUR) Strong Earnings
Sep 12Turbon's (FRA:TUR) Returns On Capital Not Reflecting Well On The Business
Jul 17Turbon (FRA:TUR) Has A Somewhat Strained Balance Sheet
Sep 12Turbon (FRA:TUR) Has Debt But No Earnings; Should You Worry?
May 12Financial Position Analysis
Short Term Liabilities: TUR's short term assets (€26.6M) exceed its short term liabilities (€9.6M).
Long Term Liabilities: TUR's short term assets (€26.6M) exceed its long term liabilities (€8.4M).
Debt to Equity History and Analysis
Debt Level: TUR has more cash than its total debt.
Reducing Debt: TUR's debt to equity ratio has reduced from 43.5% to 3.4% over the past 5 years.
Debt Coverage: TUR's debt is well covered by operating cash flow (403.1%).
Interest Coverage: TUR's interest payments on its debt are well covered by EBIT (8.2x coverage).