Tarkett Balance Sheet Health
Financial Health criteria checks 5/6
Tarkett has a total shareholder equity of €864.8M and total debt of €632.7M, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are €2.5B and €1.6B respectively. Tarkett's EBIT is €137.9M making its interest coverage ratio 3.8. It has cash and short-term investments of €224.3M.
Key information
73.2%
Debt to equity ratio
€632.70m
Debt
Interest coverage ratio | 3.8x |
Cash | €224.30m |
Equity | €864.80m |
Total liabilities | €1.62b |
Total assets | €2.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0QSA's short term assets (€1.1B) exceed its short term liabilities (€780.3M).
Long Term Liabilities: 0QSA's short term assets (€1.1B) exceed its long term liabilities (€838.2M).
Debt to Equity History and Analysis
Debt Level: 0QSA's net debt to equity ratio (47.2%) is considered high.
Reducing Debt: 0QSA's debt to equity ratio has reduced from 104.8% to 73.2% over the past 5 years.
Debt Coverage: 0QSA's debt is well covered by operating cash flow (44%).
Interest Coverage: 0QSA's interest payments on its debt are well covered by EBIT (3.8x coverage).