Trinity Exploration & Production Balance Sheet Health
Financial Health criteria checks 5/6
Trinity Exploration & Production has a total shareholder equity of $56.5M and total debt of $2.0M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are $127.5M and $71.0M respectively. Trinity Exploration & Production's EBIT is $5.1M making its interest coverage ratio 32.2. It has cash and short-term investments of $11.3M.
Key information
3.5%
Debt to equity ratio
US$2.00m
Debt
| Interest coverage ratio | 32.2x |
| Cash | US$11.30m |
| Equity | US$56.49m |
| Total liabilities | US$71.01m |
| Total assets | US$127.50m |
Recent financial health updates
Trinity Exploration & Production (LON:TRIN) Has A Somewhat Strained Balance Sheet
Oct 11
Is Trinity Exploration & Production (LON:TRIN) Using Too Much Debt?
May 28Is Trinity Exploration & Production (LON:TRIN) A Risky Investment?
Dec 08Is Trinity Exploration & Production (LON:TRIN) Using Too Much Debt?
Jun 22Recent updates
Returns Are Gaining Momentum At Trinity Exploration & Production (LON:TRIN)
Mar 01Not Many Are Piling Into Trinity Exploration & Production plc (LON:TRIN) Stock Yet As It Plummets 26%
Dec 26Trinity Exploration & Production (LON:TRIN) Is Looking To Continue Growing Its Returns On Capital
Nov 21Trinity Exploration & Production (LON:TRIN) Has A Somewhat Strained Balance Sheet
Oct 11There's Been No Shortage Of Growth Recently For Trinity Exploration & Production's (LON:TRIN) Returns On Capital
Aug 08Returns At Trinity Exploration & Production (LON:TRIN) Are On The Way Up
Jan 21Here's Why We Think Trinity Exploration & Production (LON:TRIN) Might Deserve Your Attention Today
Oct 08Trinity Exploration & Production's (LON:TRIN) Solid Profits Have Weak Fundamentals
Jun 03Is Trinity Exploration & Production (LON:TRIN) Using Too Much Debt?
May 28Is Trinity Exploration & Production (LON:TRIN) A Risky Investment?
Dec 08Returns Are Gaining Momentum At Trinity Exploration & Production (LON:TRIN)
Oct 19Is Trinity Exploration & Production (LON:TRIN) Using Too Much Debt?
Jun 22Returns At Trinity Exploration & Production (LON:TRIN) Are On The Way Up
May 21Did You Miss Trinity Exploration & Production's (LON:TRIN) Impressive 138% Share Price Gain?
Dec 24
Financial Position Analysis
Short Term Liabilities: TRIN's short term assets ($26.2M) exceed its short term liabilities ($15.4M).
Long Term Liabilities: TRIN's short term assets ($26.2M) do not cover its long term liabilities ($55.6M).
Debt to Equity History and Analysis
Debt Level: TRIN has more cash than its total debt.
Reducing Debt: TRIN's debt to equity ratio has reduced from 5.2% to 3.5% over the past 5 years.
Debt Coverage: TRIN's debt is well covered by operating cash flow (766.7%).
Interest Coverage: TRIN's interest payments on its debt are well covered by EBIT (32.2x coverage).