Turbon Balance Sheet Health
Financial Health criteria checks 6/6
Turbon has a total shareholder equity of €27.2M and total debt of €936.0K, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are €45.2M and €18.0M respectively. Turbon's EBIT is €2.0M making its interest coverage ratio 8.2. It has cash and short-term investments of €4.7M.
Key information
3.4%
Debt to equity ratio
€936.00k
Debt
| Interest coverage ratio | 8.2x |
| Cash | €4.70m |
| Equity | €27.23m |
| Total liabilities | €18.00m |
| Total assets | €45.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GCN's short term assets (€26.6M) exceed its short term liabilities (€9.6M).
Long Term Liabilities: 0GCN's short term assets (€26.6M) exceed its long term liabilities (€8.4M).
Debt to Equity History and Analysis
Debt Level: 0GCN has more cash than its total debt.
Reducing Debt: 0GCN's debt to equity ratio has reduced from 43.5% to 3.4% over the past 5 years.
Debt Coverage: 0GCN's debt is well covered by operating cash flow (403.1%).
Interest Coverage: 0GCN's interest payments on its debt are well covered by EBIT (8.2x coverage).