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TravelCenters of America Balance Sheet Health
Financial Health criteria checks 4/6
TravelCenters of America has a total shareholder equity of $868.5M and total debt of $524.1M, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are $3.6B and $2.7B respectively. TravelCenters of America's EBIT is $220.5M making its interest coverage ratio 5.5. It has cash and short-term investments of $385.9M.
Key information
60.3%
Debt to equity ratio
US$524.05m
Debt
| Interest coverage ratio | 5.5x |
| Cash | US$385.90m |
| Equity | US$868.49m |
| Total liabilities | US$2.71b |
| Total assets | US$3.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T8A1's short term assets ($882.4M) exceed its short term liabilities ($541.1M).
Long Term Liabilities: T8A1's short term assets ($882.4M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: T8A1's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: T8A1's debt to equity ratio has increased from 57.3% to 60.3% over the past 5 years.
Debt Coverage: T8A1's debt is well covered by operating cash flow (25.4%).
Interest Coverage: T8A1's interest payments on its debt are well covered by EBIT (5.5x coverage).