Tira Austenite Balance Sheet Health
Financial Health criteria checks 4/6
Tira Austenite has a total shareholder equity of IDR167.8B and total debt of IDR79.1B, which brings its debt-to-equity ratio to 47.1%. Its total assets and total liabilities are IDR345.9B and IDR178.1B respectively. Tira Austenite's EBIT is IDR10.1B making its interest coverage ratio 1.3. It has cash and short-term investments of IDR6.4B.
Key information
47.1%
Debt to equity ratio
Rp79.11b
Debt
Interest coverage ratio | 1.3x |
Cash | Rp6.36b |
Equity | Rp167.85b |
Total liabilities | Rp178.08b |
Total assets | Rp345.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIRA's short term assets (IDR156.4B) exceed its short term liabilities (IDR127.8B).
Long Term Liabilities: TIRA's short term assets (IDR156.4B) exceed its long term liabilities (IDR50.3B).
Debt to Equity History and Analysis
Debt Level: TIRA's net debt to equity ratio (43.3%) is considered high.
Reducing Debt: TIRA's debt to equity ratio has reduced from 53.1% to 47.1% over the past 5 years.
Debt Coverage: TIRA's debt is well covered by operating cash flow (36.5%).
Interest Coverage: TIRA's interest payments on its debt are not well covered by EBIT (1.3x coverage).