Tecnotree Oyj Balance Sheet Health
Financial Health criteria checks 5/6
Tecnotree Oyj has a total shareholder equity of €85.6M and total debt of €28.3M, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are €130.0M and €44.4M respectively. Tecnotree Oyj's EBIT is €24.7M making its interest coverage ratio 70.5. It has cash and short-term investments of €16.4M.
Key information
33.1%
Debt to equity ratio
€28.30m
Debt
| Interest coverage ratio | 70.5x |
| Cash | €16.40m |
| Equity | €85.60m |
| Total liabilities | €44.40m |
| Total assets | €130.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TEM1VH's short term assets (€91.5M) exceed its short term liabilities (€17.3M).
Long Term Liabilities: TEM1VH's short term assets (€91.5M) exceed its long term liabilities (€27.1M).
Debt to Equity History and Analysis
Debt Level: TEM1VH's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: TEM1VH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: TEM1VH's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: TEM1VH's interest payments on its debt are well covered by EBIT (70.5x coverage).