Tanfield Group Balance Sheet Health
Financial Health criteria checks 6/6
Tanfield Group has a total shareholder equity of £22.7M and total debt of £0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are £22.8M and £69.0K respectively. Tanfield Group's EBIT is £5.6M making its interest coverage ratio 18.1. It has cash and short-term investments of £3.7M.
Key information
0%
Debt to equity ratio
UK£0
Debt
Interest coverage ratio | 18.1x |
Cash | UK£3.65m |
Equity | UK£22.74m |
Total liabilities | UK£69.00k |
Total assets | UK£22.81m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XS3A's short term assets (£3.7M) exceed its short term liabilities (£69.0K).
Long Term Liabilities: XS3A has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XS3A is debt free.
Reducing Debt: XS3A had no debt 5 years ago.
Debt Coverage: XS3A has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: XS3A has no debt, therefore coverage of interest payments is not a concern.