Trans Power Marine Balance Sheet Health
Financial Health criteria checks 6/6
Trans Power Marine has a total shareholder equity of $98.2M and total debt of $16.2M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $121.5M and $23.3M respectively. Trans Power Marine's EBIT is $20.1M making its interest coverage ratio 26.3. It has cash and short-term investments of $19.3M.
Key information
16.5%
Debt to equity ratio
US$16.18m
Debt
Interest coverage ratio | 26.3x |
Cash | US$19.33m |
Equity | US$98.23m |
Total liabilities | US$23.30m |
Total assets | US$121.53m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPMA's short term assets ($31.9M) exceed its short term liabilities ($14.2M).
Long Term Liabilities: TPMA's short term assets ($31.9M) exceed its long term liabilities ($9.1M).
Debt to Equity History and Analysis
Debt Level: TPMA has more cash than its total debt.
Reducing Debt: TPMA's debt to equity ratio has reduced from 34.6% to 16.5% over the past 5 years.
Debt Coverage: TPMA's debt is well covered by operating cash flow (187.2%).
Interest Coverage: TPMA's interest payments on its debt are well covered by EBIT (26.3x coverage).