Tecnotree Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Tecnotree Oyj has a total shareholder equity of €86.5M and total debt of €26.9M, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are €128.2M and €41.7M respectively. Tecnotree Oyj's EBIT is €23.8M making its interest coverage ratio 157.9. It has cash and short-term investments of €20.8M.
Key information
31.0%
Debt to equity ratio
€26.86m
Debt
Interest coverage ratio | 157.9x |
Cash | €20.83m |
Equity | €86.52m |
Total liabilities | €41.72m |
Total assets | €128.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3TT's short term assets (€91.9M) exceed its short term liabilities (€16.9M).
Long Term Liabilities: 3TT's short term assets (€91.9M) exceed its long term liabilities (€24.8M).
Debt to Equity History and Analysis
Debt Level: 3TT's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 3TT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 3TT's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 3TT's interest payments on its debt are well covered by EBIT (157.9x coverage).