Turbon Balance Sheet Health
Financial Health criteria checks 6/6
Turbon has a total shareholder equity of €26.3M and total debt of €1.1M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are €45.6M and €19.3M respectively. Turbon's EBIT is €2.0M making its interest coverage ratio 5.5. It has cash and short-term investments of €5.5M.
Key information
4.2%
Debt to equity ratio
€1.12m
Debt
Interest coverage ratio | 5.5x |
Cash | €5.52m |
Equity | €26.29m |
Total liabilities | €19.33m |
Total assets | €45.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0GCN's short term assets (€26.8M) exceed its short term liabilities (€10.6M).
Long Term Liabilities: 0GCN's short term assets (€26.8M) exceed its long term liabilities (€8.7M).
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 40.6% to 4.2% over the past 5 years.
Debt Coverage: 0GCN's debt is well covered by operating cash flow (395%).
Interest Coverage: 0GCN's interest payments on its debt are well covered by EBIT (5.5x coverage).