Tribal Group Balance Sheet Health
Financial Health criteria checks 4/6
Tribal Group has a total shareholder equity of £50.0M and total debt of £14.9M, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are £112.0M and £62.0M respectively. Tribal Group's EBIT is £7.0M making its interest coverage ratio 4.7. It has cash and short-term investments of £4.9M.
Key information
29.8%
Debt to equity ratio
UK£14.89m
Debt
| Interest coverage ratio | 4.7x |
| Cash | UK£4.85m |
| Equity | UK£49.99m |
| Total liabilities | UK£62.04m |
| Total assets | UK£112.02m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T3G's short term assets (£22.8M) do not cover its short term liabilities (£44.3M).
Long Term Liabilities: T3G's short term assets (£22.8M) exceed its long term liabilities (£17.7M).
Debt to Equity History and Analysis
Debt Level: T3G's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: T3G's debt to equity ratio has increased from 2.6% to 29.8% over the past 5 years.
Debt Coverage: T3G's debt is well covered by operating cash flow (90.8%).
Interest Coverage: T3G's interest payments on its debt are well covered by EBIT (4.7x coverage).