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.