Tribal Group Balance Sheet Health
Financial Health criteria checks 4/6
Tribal Group has a total shareholder equity of £48.5M and total debt of £14.0M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are £113.6M and £65.2M respectively. Tribal Group's EBIT is £8.3M making its interest coverage ratio 9.2. It has cash and short-term investments of £6.8M.
Key information
28.9%
Debt to equity ratio
UK£14.00m
Debt
Interest coverage ratio | 9.2x |
Cash | UK£6.80m |
Equity | UK£48.48m |
Total liabilities | UK£65.16m |
Total assets | UK£113.64m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T3G's short term assets (£27.2M) do not cover its short term liabilities (£46.3M).
Long Term Liabilities: T3G's short term assets (£27.2M) exceed its long term liabilities (£18.9M).
Debt to Equity History and Analysis
Debt Level: T3G's net debt to equity ratio (14.9%) is considered satisfactory.
Reducing Debt: T3G's debt to equity ratio has increased from 0% to 28.9% over the past 5 years.
Debt Coverage: T3G's debt is well covered by operating cash flow (59.3%).
Interest Coverage: T3G's interest payments on its debt are well covered by EBIT (9.2x coverage).