Touax Balance Sheet Health
Financial Health criteria checks 1/6
Touax has a total shareholder equity of €147.6M and total debt of €341.2M, which brings its debt-to-equity ratio to 231.1%. Its total assets and total liabilities are €563.4M and €415.8M respectively. Touax's EBIT is €29.8M making its interest coverage ratio 1.4. It has cash and short-term investments of €39.0M.
Key information
231.1%
Debt to equity ratio
€341.17m
Debt
Interest coverage ratio | 1.4x |
Cash | €39.00m |
Equity | €147.61m |
Total liabilities | €415.80m |
Total assets | €563.41m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOX's short term assets (€157.2M) exceed its short term liabilities (€99.0M).
Long Term Liabilities: TOX's short term assets (€157.2M) do not cover its long term liabilities (€316.8M).
Debt to Equity History and Analysis
Debt Level: TOX's net debt to equity ratio (204.7%) is considered high.
Reducing Debt: TOX's debt to equity ratio has increased from 200.8% to 231.1% over the past 5 years.
Debt Coverage: TOX's debt is not well covered by operating cash flow (6.2%).
Interest Coverage: TOX's interest payments on its debt are not well covered by EBIT (1.4x coverage).