TT Electronics Financial Health
How is TT Electronics's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TTG's short term assets (£375.1M) exceed its short term liabilities (£192.7M).
Long Term Liabilities: TTG's short term assets (£375.1M) exceed its long term liabilities (£230.2M).
Debt to Equity History and Analysis
Debt Level: TTG's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: TTG's debt to equity ratio has increased from 48.3% to 54.2% over the past 5 years.
Debt Coverage: TTG's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: TTG's interest payments on its debt are well covered by EBIT (3.5x coverage).