Tubacex Balance Sheet Health
Financial Health criteria checks 2/6
Tubacex has a total shareholder equity of €292.5M and total debt of €422.4M, which brings its debt-to-equity ratio to 144.4%. Its total assets and total liabilities are €1.1B and €856.5M respectively. Tubacex's EBIT is €73.3M making its interest coverage ratio 2.4. It has cash and short-term investments of €131.3M.
Key information
144.4%
Debt to equity ratio
€422.40m
Debt
| Interest coverage ratio | 2.4x |
| Cash | €131.30m |
| Equity | €292.50m |
| Total liabilities | €856.50m |
| Total assets | €1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TUBE's short term assets (€647.7M) do not cover its short term liabilities (€666.8M).
Long Term Liabilities: TUBE's short term assets (€647.7M) exceed its long term liabilities (€189.7M).
Debt to Equity History and Analysis
Debt Level: TUBE's net debt to equity ratio (99.5%) is considered high.
Reducing Debt: TUBE's debt to equity ratio has increased from 125.5% to 144.4% over the past 5 years.
Debt Coverage: TUBE's debt is well covered by operating cash flow (23.3%).
Interest Coverage: TUBE's interest payments on its debt are not well covered by EBIT (2.4x coverage).