Technical Olympic Balance Sheet Health
Financial Health criteria checks 5/6
Technical Olympic has a total shareholder equity of €180.9M and total debt of €13.0M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are €222.6M and €41.7M respectively. Technical Olympic's EBIT is €2.1M making its interest coverage ratio -0.4. It has cash and short-term investments of €43.0M.
Key information
7.2%
Debt to equity ratio
€13.04m
Debt
| Interest coverage ratio | -0.4x |
| Cash | €43.00m |
| Equity | €180.90m |
| Total liabilities | €41.66m |
| Total assets | €222.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TQZA's short term assets (€88.5M) exceed its short term liabilities (€15.9M).
Long Term Liabilities: TQZA's short term assets (€88.5M) exceed its long term liabilities (€25.8M).
Debt to Equity History and Analysis
Debt Level: TQZA has more cash than its total debt.
Reducing Debt: TQZA's debt to equity ratio has reduced from 9.6% to 7.2% over the past 5 years.
Debt Coverage: TQZA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TQZA earns more interest than it pays, so coverage of interest payments is not a concern.