Touax Balance Sheet Health
Financial Health criteria checks 1/6
Touax has a total shareholder equity of €147.6M and total debt of €329.3M, which brings its debt-to-equity ratio to 223.1%. Its total assets and total liabilities are €563.4M and €415.8M respectively. Touax's EBIT is €28.3M making its interest coverage ratio 1.4. It has cash and short-term investments of €39.0M.
Key information
223.1%
Debt to equity ratio
€329.29m
Debt
Interest coverage ratio | 1.4x |
Cash | €39.00m |
Equity | €147.61m |
Total liabilities | €415.80m |
Total assets | €563.41m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: TOUPP's short term assets (€157.2M) exceed its short term liabilities (€99.0M).
Long Term Liabilities: TOUPP's short term assets (€157.2M) do not cover its long term liabilities (€316.8M).
Debt to Equity History and Analysis
Debt Level: TOUPP's net debt to equity ratio (196.7%) is considered high.
Reducing Debt: TOUPP's debt to equity ratio has increased from 169.8% to 223.1% over the past 5 years.
Debt Coverage: TOUPP's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: TOUPP's interest payments on its debt are not well covered by EBIT (1.4x coverage).