Titan Cement International Balance Sheet Health
Financial Health criteria checks 6/6
Titan Cement International has a total shareholder equity of €1.7B and total debt of €869.6M, which brings its debt-to-equity ratio to 51%. Its total assets and total liabilities are €3.2B and €1.5B respectively. Titan Cement International's EBIT is €424.5M making its interest coverage ratio 11.4. It has cash and short-term investments of €200.1M.
Key information
51.0%
Debt to equity ratio
€869.65m
Debt
| Interest coverage ratio | 11.4x |
| Cash | €200.15m |
| Equity | €1.70b |
| Total liabilities | €1.51b |
| Total assets | €3.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCJ's short term assets (€992.4M) exceed its short term liabilities (€814.4M).
Long Term Liabilities: TCJ's short term assets (€992.4M) exceed its long term liabilities (€699.8M).
Debt to Equity History and Analysis
Debt Level: TCJ's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: TCJ's debt to equity ratio has reduced from 68% to 51% over the past 5 years.
Debt Coverage: TCJ's debt is well covered by operating cash flow (52.9%).
Interest Coverage: TCJ's interest payments on its debt are well covered by EBIT (11.4x coverage).