Titan Cement International Balance Sheet Health
Financial Health criteria checks 5/6
Titan Cement International has a total shareholder equity of €1.6B and total debt of €866.6M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are €3.2B and €1.5B respectively. Titan Cement International's EBIT is €392.2M making its interest coverage ratio 10.2. It has cash and short-term investments of €182.6M.
Key information
54.1%
Debt to equity ratio
€866.59m
Debt
Interest coverage ratio | 10.2x |
Cash | €182.58m |
Equity | €1.60b |
Total liabilities | €1.55b |
Total assets | €3.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCJ's short term assets (€941.4M) exceed its short term liabilities (€821.3M).
Long Term Liabilities: TCJ's short term assets (€941.4M) exceed its long term liabilities (€726.7M).
Debt to Equity History and Analysis
Debt Level: TCJ's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: TCJ's debt to equity ratio has reduced from 63.7% to 54.1% over the past 5 years.
Debt Coverage: TCJ's debt is well covered by operating cash flow (51.9%).
Interest Coverage: TCJ's interest payments on its debt are well covered by EBIT (10.2x coverage).