Touax Balance Sheet Health
Financial Health criteria checks 1/6
Touax has a total shareholder equity of €153.0M and total debt of €340.1M, which brings its debt-to-equity ratio to 222.3%. Its total assets and total liabilities are €573.7M and €420.8M respectively. Touax's EBIT is €25.6M making its interest coverage ratio 1.2. It has cash and short-term investments of €38.6M.
Key information
222.3%
Debt to equity ratio
€340.06m
Debt
| Interest coverage ratio | 1.2x |
| Cash | €38.64m |
| Equity | €152.98m |
| Total liabilities | €420.76m |
| Total assets | €573.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOX's short term assets (€158.6M) exceed its short term liabilities (€96.8M).
Long Term Liabilities: TOX's short term assets (€158.6M) do not cover its long term liabilities (€323.9M).
Debt to Equity History and Analysis
Debt Level: TOX's net debt to equity ratio (197%) is considered high.
Reducing Debt: TOX's debt to equity ratio has increased from 200.8% to 222.3% over the past 5 years.
Debt Coverage: TOX's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: TOX's interest payments on its debt are not well covered by EBIT (1.2x coverage).