Trifast Balance Sheet Health
Financial Health criteria checks 4/6
Trifast has a total shareholder equity of £121.8M and total debt of £40.4M, which brings its debt-to-equity ratio to 33.2%. Its total assets and total liabilities are £228.6M and £106.7M respectively. Trifast's EBIT is £9.1M making its interest coverage ratio 1.9. It has cash and short-term investments of £25.1M.
Key information
33.2%
Debt to equity ratio
UK£40.43m
Debt
| Interest coverage ratio | 1.9x |
| Cash | UK£25.07m |
| Equity | UK£121.82m |
| Total liabilities | UK£106.74m |
| Total assets | UK£228.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRIl's short term assets (£154.8M) exceed its short term liabilities (£47.1M).
Long Term Liabilities: TRIl's short term assets (£154.8M) exceed its long term liabilities (£59.6M).
Debt to Equity History and Analysis
Debt Level: TRIl's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: TRIl's debt to equity ratio has increased from 32.9% to 33.2% over the past 5 years.
Debt Coverage: TRIl's debt is well covered by operating cash flow (53.8%).
Interest Coverage: TRIl's interest payments on its debt are not well covered by EBIT (1.9x coverage).