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 £10.6M making its interest coverage ratio 2. 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 | 2x |
| Cash | UK£25.07m |
| Equity | UK£121.82m |
| Total liabilities | UK£106.74m |
| Total assets | UK£228.55m |
Recent financial health updates
Does Trifast (LON:TRI) Have A Healthy Balance Sheet?
Feb 15
Here's Why Trifast (LON:TRI) Can Manage Its Debt Responsibly
Mar 23Is Trifast (LON:TRI) A Risky Investment?
Dec 08Recent updates
The Market Lifts Trifast plc (LON:TRI) Shares 26% But It Can Do More
Dec 18Trifast's (LON:TRI) Returns On Capital Not Reflecting Well On The Business
Oct 19Why Trifast plc (LON:TRI) Could Be Worth Watching
Jun 15The Returns On Capital At Trifast (LON:TRI) Don't Inspire Confidence
Apr 03Does Trifast (LON:TRI) Have A Healthy Balance Sheet?
Feb 15Capital Allocation Trends At Trifast (LON:TRI) Aren't Ideal
Nov 23Is There Now An Opportunity In Trifast plc (LON:TRI)?
Sep 15Should You Think About Buying Trifast plc (LON:TRI) Now?
Dec 18We Discuss Why Trifast plc's (LON:TRI) CEO Compensation May Be Closely Reviewed
Jul 22Results: Trifast plc Exceeded Expectations And The Consensus Has Updated Its Estimates
Jun 25Here's What's Concerning About Trifast's (LON:TRI) Returns On Capital
May 16Here's Why Trifast (LON:TRI) Can Manage Its Debt Responsibly
Mar 23What Is Trifast plc's (LON:TRI) Share Price Doing?
Mar 02Trifast's (LON:TRI) Stock Price Has Reduced 42% In The Past Three Years
Feb 09Here's What To Make Of Trifast's (LON:TRI) Returns On Capital
Jan 20A Look At The Fair Value Of Trifast plc (LON:TRI)
Dec 30Is Trifast (LON:TRI) A Risky Investment?
Dec 08Should You Think About Buying Trifast plc (LON:TRI) Now?
Nov 17
Financial Position Analysis
Short Term Liabilities: TRI's short term assets (£154.8M) exceed its short term liabilities (£47.1M).
Long Term Liabilities: TRI's short term assets (£154.8M) exceed its long term liabilities (£59.6M).
Debt to Equity History and Analysis
Debt Level: TRI's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has increased from 32.9% to 33.2% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (53.8%).
Interest Coverage: TRI's interest payments on its debt are not well covered by EBIT (2x coverage).