Tessenderlo Group Balance Sheet Health
Financial Health criteria checks 6/6
Tessenderlo Group has a total shareholder equity of €1.9B and total debt of €179.6M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are €2.9B and €965.9M respectively. Tessenderlo Group's EBIT is €118.6M making its interest coverage ratio -29.7. It has cash and short-term investments of €177.0M.
Key information
9.2%
Debt to equity ratio
€179.60m
Debt
Interest coverage ratio | -29.7x |
Cash | €177.00m |
Equity | €1.95b |
Total liabilities | €965.90m |
Total assets | €2.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KCP's short term assets (€1.3B) exceed its short term liabilities (€490.0M).
Long Term Liabilities: 0KCP's short term assets (€1.3B) exceed its long term liabilities (€475.9M).
Debt to Equity History and Analysis
Debt Level: 0KCP's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 0KCP's debt to equity ratio has reduced from 73.6% to 9.2% over the past 5 years.
Debt Coverage: 0KCP's debt is well covered by operating cash flow (122%).
Interest Coverage: 0KCP earns more interest than it pays, so coverage of interest payments is not a concern.