Tetragon Financial Group Balance Sheet Health
Financial Health criteria checks 3/6
Tetragon Financial Group has a total shareholder equity of $2.8B and total debt of $300.0M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are $3.2B and $335.5M respectively. Tetragon Financial Group's EBIT is $156.6M making its interest coverage ratio 6.6. It has cash and short-term investments of $7.0M.
Key information
10.6%
Debt to equity ratio
US$300.00m
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$7.00m |
| Equity | US$2.82b |
| Total liabilities | US$335.50m |
| Total assets | US$3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TFG's short term assets ($18.7M) do not cover its short term liabilities ($35.5M).
Long Term Liabilities: TFG's short term assets ($18.7M) do not cover its long term liabilities ($300.0M).
Debt to Equity History and Analysis
Debt Level: TFG's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: TFG's debt to equity ratio has increased from 1.7% to 10.6% over the past 5 years.
Debt Coverage: TFG's debt is well covered by operating cash flow (29.3%).
Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (6.6x coverage).