TXNM Energy Balance Sheet Health
Financial Health criteria checks 0/6
TXNM Energy has a total shareholder equity of $2.5B and total debt of $5.2B, which brings its debt-to-equity ratio to 209.7%. Its total assets and total liabilities are $10.6B and $8.1B respectively. TXNM Energy's EBIT is $225.8M making its interest coverage ratio 1.2. It has cash and short-term investments of $3.2M.
Key information
209.7%
Debt to equity ratio
US$5.16b
Debt
Interest coverage ratio | 1.2x |
Cash | US$3.24m |
Equity | US$2.46b |
Total liabilities | US$8.12b |
Total assets | US$10.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 98P's short term assets ($537.7M) do not cover its short term liabilities ($1.1B).
Long Term Liabilities: 98P's short term assets ($537.7M) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: 98P's net debt to equity ratio (209.5%) is considered high.
Reducing Debt: 98P's debt to equity ratio has increased from 184.7% to 209.7% over the past 5 years.
Debt Coverage: 98P's debt is not well covered by operating cash flow (9.3%).
Interest Coverage: 98P's interest payments on its debt are not well covered by EBIT (1.2x coverage).