Turbon Balance Sheet Health
Financial Health criteria checks 6/6
Turbon has a total shareholder equity of €27.7M and total debt of €1.4M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are €46.4M and €18.6M respectively. Turbon's EBIT is €1.6M making its interest coverage ratio 6.5. It has cash and short-term investments of €5.2M.
Key information
5.0%
Debt to equity ratio
€1.40m
Debt
| Interest coverage ratio | 6.5x |
| Cash | €5.25m |
| Equity | €27.74m |
| Total liabilities | €18.65m |
| Total assets | €46.39m |
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
Take 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 (€27.5M) exceed its short term liabilities (€9.9M).
Long Term Liabilities: TUR's short term assets (€27.5M) exceed its long term liabilities (€8.8M).
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 46.9% to 5% over the past 5 years.
Debt Coverage: TUR's debt is well covered by operating cash flow (294.6%).
Interest Coverage: TUR's interest payments on its debt are well covered by EBIT (6.5x coverage).