Texaf Balance Sheet Health
Financial Health criteria checks 4/6
Texaf has a total shareholder equity of €110.9M and total debt of €23.6M, which brings its debt-to-equity ratio to 21.2%. Its total assets and total liabilities are €172.7M and €61.8M respectively. Texaf's EBIT is €10.8M making its interest coverage ratio -166.2. It has cash and short-term investments of €9.0M.
Key information
21.2%
Debt to equity ratio
€23.56m
Debt
| Interest coverage ratio | -166.2x |
| Cash | €8.97m |
| Equity | €110.93m |
| Total liabilities | €61.81m |
| Total assets | €172.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0Q5Q's short term assets (€23.4M) exceed its short term liabilities (€23.0M).
Long Term Liabilities: 0Q5Q's short term assets (€23.4M) do not cover its long term liabilities (€38.8M).
Debt to Equity History and Analysis
Debt Level: 0Q5Q's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 0Q5Q's debt to equity ratio has increased from 6.4% to 21.2% over the past 5 years.
Debt Coverage: 0Q5Q's debt is well covered by operating cash flow (62.1%).
Interest Coverage: 0Q5Q earns more interest than it pays, so coverage of interest payments is not a concern.