TriMas Balance Sheet Health
Financial Health criteria checks 1/6
TriMas has a total shareholder equity of $682.8M and total debt of $420.3M, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are $1.4B and $685.1M respectively. TriMas's EBIT is $55.9M making its interest coverage ratio 2.9. It has cash and short-term investments of $26.9M.
Key information
61.6%
Debt to equity ratio
US$420.25m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$26.91m |
| Equity | US$682.75m |
| Total liabilities | US$685.08m |
| Total assets | US$1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MQ1's short term assets ($435.3M) exceed its short term liabilities ($154.0M).
Long Term Liabilities: MQ1's short term assets ($435.3M) do not cover its long term liabilities ($531.1M).
Debt to Equity History and Analysis
Debt Level: MQ1's net debt to equity ratio (57.6%) is considered high.
Reducing Debt: MQ1's debt to equity ratio has increased from 44.5% to 61.6% over the past 5 years.
Debt Coverage: MQ1's debt is not well covered by operating cash flow (16%).
Interest Coverage: MQ1's interest payments on its debt are not well covered by EBIT (2.9x coverage).