Tubacex Balance Sheet Health
Financial Health criteria checks 1/6
Tubacex has a total shareholder equity of €293.6M and total debt of €479.4M, which brings its debt-to-equity ratio to 163.3%. Its total assets and total liabilities are €1.2B and €917.8M respectively. Tubacex's EBIT is €80.7M making its interest coverage ratio 2.6. It has cash and short-term investments of €181.0M.
Key information
163.3%
Debt to equity ratio
€479.37m
Debt
Interest coverage ratio | 2.6x |
Cash | €181.00m |
Equity | €293.64m |
Total liabilities | €917.82m |
Total assets | €1.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCX's short term assets (€693.2M) do not cover its short term liabilities (€711.4M).
Long Term Liabilities: TCX's short term assets (€693.2M) exceed its long term liabilities (€206.5M).
Debt to Equity History and Analysis
Debt Level: TCX's net debt to equity ratio (101.6%) is considered high.
Reducing Debt: TCX's debt to equity ratio has increased from 149.9% to 163.3% over the past 5 years.
Debt Coverage: TCX's debt is not well covered by operating cash flow (19%).
Interest Coverage: TCX's interest payments on its debt are not well covered by EBIT (2.6x coverage).