TCM Group Balance Sheet Health
Financial Health criteria checks 1/6
TCM Group has a total shareholder equity of DKK529.7M and total debt of DKK263.6M, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are DKK1.2B and DKK671.2M respectively. TCM Group's EBIT is DKK54.6M making its interest coverage ratio 2.6. It has cash and short-term investments of DKK13.3M.
Key information
49.8%
Debt to equity ratio
DKK 263.58m
Debt
| Interest coverage ratio | 2.6x |
| Cash | DKK 13.29m |
| Equity | DKK 529.65m |
| Total liabilities | DKK 671.22m |
| Total assets | DKK 1.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCMC's short term assets (DKK221.1M) do not cover its short term liabilities (DKK334.5M).
Long Term Liabilities: TCMC's short term assets (DKK221.1M) do not cover its long term liabilities (DKK336.8M).
Debt to Equity History and Analysis
Debt Level: TCMC's net debt to equity ratio (47.3%) is considered high.
Reducing Debt: TCMC's debt to equity ratio has increased from 46.4% to 49.8% over the past 5 years.
Debt Coverage: TCMC's debt is well covered by operating cash flow (30.7%).
Interest Coverage: TCMC's interest payments on its debt are not well covered by EBIT (2.6x coverage).