TIER 1 Technology Balance Sheet Health
Financial Health criteria checks 6/6
TIER 1 Technology has a total shareholder equity of €6.5M and total debt of €1.2M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are €14.2M and €7.7M respectively. TIER 1 Technology's EBIT is €1.3M making its interest coverage ratio 47.8. It has cash and short-term investments of €3.2M.
Key information
18.3%
Debt to equity ratio
€1.19m
Debt
Interest coverage ratio | 47.8x |
Cash | €3.15m |
Equity | €6.48m |
Total liabilities | €7.71m |
Total assets | €14.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V78's short term assets (€10.8M) exceed its short term liabilities (€6.3M).
Long Term Liabilities: V78's short term assets (€10.8M) exceed its long term liabilities (€1.4M).
Debt to Equity History and Analysis
Debt Level: V78 has more cash than its total debt.
Reducing Debt: V78's debt to equity ratio has reduced from 40.5% to 18.3% over the past 5 years.
Debt Coverage: V78's debt is well covered by operating cash flow (191.2%).
Interest Coverage: V78's interest payments on its debt are well covered by EBIT (47.8x coverage).