TETRA Technologies Balance Sheet Health
Financial Health criteria checks 4/6
TETRA Technologies has a total shareholder equity of $147.3M and total debt of $157.5M, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are $479.0M and $331.6M respectively. TETRA Technologies's EBIT is $45.0M making its interest coverage ratio 2. It has cash and short-term investments of $52.5M.
Key information
106.9%
Debt to equity ratio
US$157.51m
Debt
Interest coverage ratio | 2x |
Cash | US$52.49m |
Equity | US$147.33m |
Total liabilities | US$331.63m |
Total assets | US$478.96m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGI's short term assets ($282.0M) exceed its short term liabilities ($126.0M).
Long Term Liabilities: TGI's short term assets ($282.0M) exceed its long term liabilities ($205.7M).
Debt to Equity History and Analysis
Debt Level: TGI's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: TGI's debt to equity ratio has reduced from 269.4% to 106.9% over the past 5 years.
Debt Coverage: TGI's debt is well covered by operating cash flow (44.6%).
Interest Coverage: TGI's interest payments on its debt are not well covered by EBIT (2x coverage).