Tonkens Agrar Balance Sheet Health
Financial Health criteria checks 4/6
Tonkens Agrar has a total shareholder equity of €13.1M and total debt of €16.6M, which brings its debt-to-equity ratio to 127.1%. Its total assets and total liabilities are €38.4M and €25.3M respectively. Tonkens Agrar's EBIT is €2.0M making its interest coverage ratio 3.4. It has cash and short-term investments of €1.2M.
Key information
127.1%
Debt to equity ratio
€16.59m
Debt
Interest coverage ratio | 3.4x |
Cash | €1.20m |
Equity | €13.05m |
Total liabilities | €25.33m |
Total assets | €38.38m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GTK's short term assets (€8.5M) exceed its short term liabilities (€2.5M).
Long Term Liabilities: GTK's short term assets (€8.5M) do not cover its long term liabilities (€22.9M).
Debt to Equity History and Analysis
Debt Level: GTK's net debt to equity ratio (117.9%) is considered high.
Reducing Debt: GTK's debt to equity ratio has reduced from 153.3% to 127.1% over the past 5 years.
Debt Coverage: GTK's debt is well covered by operating cash flow (26.6%).
Interest Coverage: GTK's interest payments on its debt are well covered by EBIT (3.4x coverage).