Tesmec Balance Sheet Health
Financial Health criteria checks 3/6
Tesmec has a total shareholder equity of €78.2M and total debt of €94.6M, which brings its debt-to-equity ratio to 120.9%. Its total assets and total liabilities are €440.1M and €361.9M respectively. Tesmec's EBIT is €11.1M making its interest coverage ratio 0.8. It has cash and short-term investments of €53.7M.
Key information
120.9%
Debt to equity ratio
€94.60m
Debt
| Interest coverage ratio | 0.8x |
| Cash | €53.68m |
| Equity | €78.24m |
| Total liabilities | €361.86m |
| Total assets | €440.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0MVJ's short term assets (€283.3M) exceed its short term liabilities (€228.1M).
Long Term Liabilities: 0MVJ's short term assets (€283.3M) exceed its long term liabilities (€133.8M).
Debt to Equity History and Analysis
Debt Level: 0MVJ's net debt to equity ratio (52.3%) is considered high.
Reducing Debt: 0MVJ's debt to equity ratio has reduced from 296.7% to 120.9% over the past 5 years.
Debt Coverage: 0MVJ's debt is not well covered by operating cash flow (10%).
Interest Coverage: 0MVJ's interest payments on its debt are not well covered by EBIT (0.8x coverage).