TIER 1 Technology Balance Sheet Health
Financial Health criteria checks 6/6
TIER 1 Technology has a total shareholder equity of €6.5M and total debt of €1.2M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are €14.2M and €7.7M respectively. TIER 1 Technology's EBIT is €1.3M making its interest coverage ratio 47.8. It has cash and short-term investments of €3.2M.
Key information
18.3%
Debt to equity ratio
€1.19m
Debt
Interest coverage ratio | 47.8x |
Cash | €3.15m |
Equity | €6.48m |
Total liabilities | €7.71m |
Total assets | €14.19m |
Recent financial health updates
No updates
Recent updates
Investors Appear Satisfied With TIER 1 Technology, S.A.'s (BME:TR1) Prospects
Apr 19Calculating The Fair Value Of TIER 1 Technology, S.A. (BME:TR1)
Sep 06Estimating The Intrinsic Value Of TIER 1 Technology, S.A. (BME:TR1)
Feb 15TIER 1 Technology's (BME:TR1) Robust Earnings Are Supported By Other Strong Factors
Mar 20Is TIER 1 Technology, S.A. (BME:TR1) A Smart Choice For Dividend Investors?
Feb 17Are TIER 1 Technology, S.A.'s (BME:TR1) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
Dec 27Financial Position Analysis
Short Term Liabilities: TR1's short term assets (€10.8M) exceed its short term liabilities (€6.3M).
Long Term Liabilities: TR1's short term assets (€10.8M) exceed its long term liabilities (€1.4M).
Debt to Equity History and Analysis
Debt Level: TR1 has more cash than its total debt.
Reducing Debt: TR1's debt to equity ratio has reduced from 40.5% to 18.3% over the past 5 years.
Debt Coverage: TR1's debt is well covered by operating cash flow (191.2%).
Interest Coverage: TR1's interest payments on its debt are well covered by EBIT (47.8x coverage).