TriMas Balance Sheet Health
Financial Health criteria checks 2/6
TriMas has a total shareholder equity of $675.9M and total debt of $432.7M, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are $1.4B and $689.9M respectively. TriMas's EBIT is $77.9M making its interest coverage ratio 4.2. It has cash and short-term investments of $35.0M.
Key information
64.0%
Debt to equity ratio
US$432.68m
Debt
| Interest coverage ratio | 4.2x |
| Cash | US$35.01m |
| Equity | US$675.93m |
| Total liabilities | US$689.91m |
| Total assets | US$1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MQ1's short term assets ($438.9M) exceed its short term liabilities ($155.7M).
Long Term Liabilities: MQ1's short term assets ($438.9M) do not cover its long term liabilities ($534.2M).
Debt to Equity History and Analysis
Debt Level: MQ1's net debt to equity ratio (58.8%) is considered high.
Reducing Debt: MQ1's debt to equity ratio has increased from 45.4% to 64% over the past 5 years.
Debt Coverage: MQ1's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: MQ1's interest payments on its debt are well covered by EBIT (4.2x coverage).