Troax Group Balance Sheet Health
Financial Health criteria checks 6/6
Troax Group has a total shareholder equity of €163.1M and total debt of €71.1M, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are €311.7M and €148.6M respectively. Troax Group's EBIT is €46.4M making its interest coverage ratio 11.9. It has cash and short-term investments of €16.0M.
Key information
43.6%
Debt to equity ratio
€71.10m
Debt
| Interest coverage ratio | 11.9x |
| Cash | €16.00m |
| Equity | €163.10m |
| Total liabilities | €148.60m |
| Total assets | €311.70m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TROAXS's short term assets (€110.4M) exceed its short term liabilities (€52.2M).
Long Term Liabilities: TROAXS's short term assets (€110.4M) exceed its long term liabilities (€96.4M).
Debt to Equity History and Analysis
Debt Level: TROAXS's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: TROAXS's debt to equity ratio has reduced from 102.3% to 43.6% over the past 5 years.
Debt Coverage: TROAXS's debt is well covered by operating cash flow (65.9%).
Interest Coverage: TROAXS's interest payments on its debt are well covered by EBIT (11.9x coverage).