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Tion Renewables Balance Sheet Health
Financial Health criteria checks 1/6
Tion Renewables has a total shareholder equity of €108.4M and total debt of €158.9M, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are €314.4M and €206.0M respectively. Tion Renewables's EBIT is €4.7M making its interest coverage ratio 0.7. It has cash and short-term investments of €32.8M.
Key information
146.5%
Debt to equity ratio
€158.87m
Debt
| Interest coverage ratio | 0.7x |
| Cash | €32.81m |
| Equity | €108.42m |
| Total liabilities | €206.03m |
| Total assets | €314.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TION's short term assets (€40.3M) exceed its short term liabilities (€30.4M).
Long Term Liabilities: TION's short term assets (€40.3M) do not cover its long term liabilities (€175.7M).
Debt to Equity History and Analysis
Debt Level: TION's net debt to equity ratio (116.3%) is considered high.
Reducing Debt: Insufficient data to determine if TION's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if TION has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TION has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/17 22:03 |
| End of Day Share Price | 2024/04/17 00:00 |
| Earnings | 2022/12/31 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tion Renewables AG is covered by 5 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Igor Kim | Berenberg |
| Alina Kohler | Hauck Aufhäuser Investment Banking |
| Martin Tessier | Stifel, Equities Research |