Transcontinental Balance Sheet Health
Financial Health criteria checks 4/6
Transcontinental has a total shareholder equity of CA$1.9B and total debt of CA$889.1M, which brings its debt-to-equity ratio to 47.4%. Its total assets and total liabilities are CA$3.5B and CA$1.6B respectively. Transcontinental's EBIT is CA$226.7M making its interest coverage ratio 4.2. It has cash and short-term investments of CA$51.5M.
Key information
47.4%
Debt to equity ratio
CA$889.10m
Debt
Interest coverage ratio | 4.2x |
Cash | CA$51.50m |
Equity | CA$1.88b |
Total liabilities | CA$1.59b |
Total assets | CA$3.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 53L's short term assets (CA$947.1M) exceed its short term liabilities (CA$437.5M).
Long Term Liabilities: 53L's short term assets (CA$947.1M) do not cover its long term liabilities (CA$1.2B).
Debt to Equity History and Analysis
Debt Level: 53L's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: 53L's debt to equity ratio has reduced from 89.1% to 47.4% over the past 5 years.
Debt Coverage: 53L's debt is well covered by operating cash flow (58.2%).
Interest Coverage: 53L's interest payments on its debt are well covered by EBIT (4.2x coverage).