Titan Cement International Balance Sheet Health
Financial Health criteria checks 6/6
Titan Cement International has a total shareholder equity of €1.6B and total debt of €862.2M, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are €3.2B and €1.6B respectively. Titan Cement International's EBIT is €391.1M making its interest coverage ratio 9.4. It has cash and short-term investments of €274.5M.
Key information
54.5%
Debt to equity ratio
€862.21m
Debt
Interest coverage ratio | 9.4x |
Cash | €274.53m |
Equity | €1.58b |
Total liabilities | €1.63b |
Total assets | €3.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TITCB's short term assets (€1.0B) exceed its short term liabilities (€846.1M).
Long Term Liabilities: TITCB's short term assets (€1.0B) exceed its long term liabilities (€782.3M).
Debt to Equity History and Analysis
Debt Level: TITCB's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: TITCB's debt to equity ratio has reduced from 63.3% to 54.5% over the past 5 years.
Debt Coverage: TITCB's debt is well covered by operating cash flow (52.1%).
Interest Coverage: TITCB's interest payments on its debt are well covered by EBIT (9.4x coverage).