TT Electronics Balance Sheet Health
Financial Health criteria checks 3/6
TT Electronics has a total shareholder equity of £270.5M and total debt of £183.1M, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are £655.1M and £384.6M respectively. TT Electronics's EBIT is £10.1M making its interest coverage ratio 0.9. It has cash and short-term investments of £74.1M.
Key information
67.7%
Debt to equity ratio
UK£183.10m
Debt
| Interest coverage ratio | 0.9x |
| Cash | UK£74.10m |
| Equity | UK£270.50m |
| Total liabilities | UK£384.60m |
| Total assets | UK£655.10m |
Recent financial health updates
Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?
Nov 09
Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?
Apr 07Recent updates
TT Electronics plc (LON:TTG) Shares Could Be 25% Below Their Intrinsic Value Estimate
Jan 18TT Electronics' (LON:TTG) Dividend Will Be Increased To £0.0215
Aug 06TT Electronics (LON:TTG) Will Pay A Larger Dividend Than Last Year At £0.043
Mar 11Should You Think About Buying TT Electronics plc (LON:TTG) Now?
Jan 31Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?
Nov 09Is It Too Late To Consider Buying TT Electronics plc (LON:TTG)?
Oct 07An Intrinsic Calculation For TT Electronics plc (LON:TTG) Suggests It's 49% Undervalued
Sep 13TT Electronics (LON:TTG) Is Increasing Its Dividend To £0.02
Aug 07Is There Now An Opportunity In TT Electronics plc (LON:TTG)?
May 18Is There An Opportunity With TT Electronics plc's (LON:TTG) 48% Undervaluation?
Mar 08Analysts Have Made A Financial Statement On TT Electronics plc's (LON:TTG) Half-Year Report
Aug 08Does TT Electronics (LON:TTG) Have A Healthy Balance Sheet?
Apr 07Do Investors Have Good Reason To Be Wary Of TT Electronics plc's (LON:TTG) 2.2% Dividend Yield?
Mar 12Is TT Electronics plc's (LON:TTG) Stock Price Struggling As A Result Of Its Mixed Financials?
Jan 26
Is There An Opportunity With TT Electronics plc's (LON:TTG) 41% Undervaluation?
Dec 30Introducing TT Electronics (LON:TTG), A Stock That Climbed 38% In The Last Five Years
Dec 10What Can We Conclude About TT Electronics' (LON:TTG) CEO Pay?
Nov 20Financial Position Analysis
Short Term Liabilities: TTG's short term assets (£363.0M) exceed its short term liabilities (£176.5M).
Long Term Liabilities: TTG's short term assets (£363.0M) exceed its long term liabilities (£208.1M).
Debt to Equity History and Analysis
Debt Level: TTG's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: TTG's debt to equity ratio has increased from 29.2% to 67.7% over the past 5 years.
Debt Coverage: TTG's debt is well covered by operating cash flow (34.4%).
Interest Coverage: TTG's interest payments on its debt are not well covered by EBIT (0.9x coverage).