Thrace Plastics Holding Balance Sheet Health
Financial Health criteria checks 6/6
Thrace Plastics Holding has a total shareholder equity of €277.1M and total debt of €54.3M, which brings its debt-to-equity ratio to 19.6%. Its total assets and total liabilities are €406.3M and €129.2M respectively. Thrace Plastics Holding's EBIT is €20.4M making its interest coverage ratio 8. It has cash and short-term investments of €41.1M.
Key information
19.6%
Debt to equity ratio
€54.35m
Debt
Interest coverage ratio | 8x |
Cash | €41.07m |
Equity | €277.05m |
Total liabilities | €129.21m |
Total assets | €406.26m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TP3's short term assets (€184.5M) exceed its short term liabilities (€89.4M).
Long Term Liabilities: TP3's short term assets (€184.5M) exceed its long term liabilities (€39.8M).
Debt to Equity History and Analysis
Debt Level: TP3's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: TP3's debt to equity ratio has reduced from 60% to 19.6% over the past 5 years.
Debt Coverage: TP3's debt is well covered by operating cash flow (85.7%).
Interest Coverage: TP3's interest payments on its debt are well covered by EBIT (8x coverage).