Thrace Plastics Holding Balance Sheet Health
Financial Health criteria checks 6/6
Thrace Plastics Holding has a total shareholder equity of €280.1M and total debt of €59.1M, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are €432.6M and €152.6M respectively. Thrace Plastics Holding's EBIT is €17.9M making its interest coverage ratio 4.8. It has cash and short-term investments of €36.5M.
Key information
21.1%
Debt to equity ratio
€59.05m
Debt
| Interest coverage ratio | 4.8x |
| Cash | €36.49m |
| Equity | €280.07m |
| Total liabilities | €152.58m |
| Total assets | €432.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TP3's short term assets (€204.9M) exceed its short term liabilities (€110.1M).
Long Term Liabilities: TP3's short term assets (€204.9M) exceed its long term liabilities (€42.5M).
Debt to Equity History and Analysis
Debt Level: TP3's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: TP3's debt to equity ratio has reduced from 62.4% to 21.1% over the past 5 years.
Debt Coverage: TP3's debt is well covered by operating cash flow (77.8%).
Interest Coverage: TP3's interest payments on its debt are well covered by EBIT (4.8x coverage).