TAG Immobilien Balance Sheet Health
Financial Health criteria checks 3/6
TAG Immobilien has a total shareholder equity of €3.0B and total debt of €3.2B, which brings its debt-to-equity ratio to 106.9%. Its total assets and total liabilities are €7.3B and €4.3B respectively. TAG Immobilien's EBIT is €301.1M making its interest coverage ratio 5. It has cash and short-term investments of €185.1M.
Key information
106.9%
Debt to equity ratio
€3.23b
Debt
Interest coverage ratio | 5x |
Cash | €185.15m |
Equity | €3.03b |
Total liabilities | €4.28b |
Total assets | €7.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEGD's short term assets (€916.1M) exceed its short term liabilities (€712.2M).
Long Term Liabilities: TEGD's short term assets (€916.1M) do not cover its long term liabilities (€3.6B).
Debt to Equity History and Analysis
Debt Level: TEGD's net debt to equity ratio (100.8%) is considered high.
Reducing Debt: TEGD's debt to equity ratio has reduced from 114.1% to 106.9% over the past 5 years.
Debt Coverage: TEGD's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: TEGD's interest payments on its debt are well covered by EBIT (5x coverage).