Texaf Balance Sheet Health
Financial Health criteria checks 4/6
Texaf has a total shareholder equity of €112.5M and total debt of €19.3M, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are €166.7M and €54.3M respectively. Texaf's EBIT is €10.0M making its interest coverage ratio -228. It has cash and short-term investments of €8.6M.
Key information
17.2%
Debt to equity ratio
€19.35m
Debt
| Interest coverage ratio | -228x |
| Cash | €8.57m |
| Equity | €112.45m |
| Total liabilities | €54.26m |
| Total assets | €166.71m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: TEXFB's short term assets (€25.4M) exceed its short term liabilities (€18.7M).
Long Term Liabilities: TEXFB's short term assets (€25.4M) do not cover its long term liabilities (€35.5M).
Debt to Equity History and Analysis
Debt Level: TEXFB's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: TEXFB's debt to equity ratio has increased from 8.1% to 17.2% over the past 5 years.
Debt Coverage: TEXFB's debt is well covered by operating cash flow (50.4%).
Interest Coverage: TEXFB earns more interest than it pays, so coverage of interest payments is not a concern.