Technical Olympic Balance Sheet Health
Financial Health criteria checks 5/6
Technical Olympic has a total shareholder equity of €185.3M and total debt of €7.6M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are €222.5M and €37.2M respectively. Technical Olympic's EBIT is €1.9M making its interest coverage ratio -0.5. It has cash and short-term investments of €33.3M.
Key information
4.1%
Debt to equity ratio
€7.59m
Debt
Interest coverage ratio | -0.5x |
Cash | €33.25m |
Equity | €185.30m |
Total liabilities | €37.19m |
Total assets | €222.48m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TQZA's short term assets (€78.1M) exceed its short term liabilities (€16.0M).
Long Term Liabilities: TQZA's short term assets (€78.1M) exceed its long term liabilities (€21.2M).
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 9.2% to 4.1% 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.