Tecnotree Oyj Balance Sheet Health
Financial Health criteria checks 6/6
Tecnotree Oyj has a total shareholder equity of €89.5M and total debt of €27.1M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are €136.0M and €46.5M respectively. Tecnotree Oyj's EBIT is €20.6M making its interest coverage ratio 82.3. It has cash and short-term investments of €17.0M.
Key information
30.3%
Debt to equity ratio
€27.10m
Debt
| Interest coverage ratio | 82.3x |
| Cash | €17.00m |
| Equity | €89.50m |
| Total liabilities | €46.50m |
| Total assets | €136.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3TT0's short term assets (€92.3M) exceed its short term liabilities (€19.4M).
Long Term Liabilities: 3TT0's short term assets (€92.3M) exceed its long term liabilities (€27.1M).
Debt to Equity History and Analysis
Debt Level: 3TT0's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 3TT0's debt to equity ratio has reduced from 1107.7% to 30.3% over the past 5 years.
Debt Coverage: 3TT0's debt is well covered by operating cash flow (46.2%).
Interest Coverage: 3TT0's interest payments on its debt are well covered by EBIT (82.3x coverage).