Trans Power Marine Balance Sheet Health
Financial Health criteria checks 4/6
Trans Power Marine has a total shareholder equity of $140.1M and total debt of $69.5M, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are $229.1M and $89.1M respectively. Trans Power Marine's EBIT is $18.6M making its interest coverage ratio 9.5. It has cash and short-term investments of $16.0M.
Key information
49.6%
Debt to equity ratio
US$69.54m
Debt
| Interest coverage ratio | 9.5x |
| Cash | US$16.04m |
| Equity | US$140.09m |
| Total liabilities | US$89.05m |
| Total assets | US$229.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TPMA's short term assets ($44.2M) exceed its short term liabilities ($31.1M).
Long Term Liabilities: TPMA's short term assets ($44.2M) do not cover its long term liabilities ($57.9M).
Debt to Equity History and Analysis
Debt Level: TPMA's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: TPMA's debt to equity ratio has increased from 35.9% to 49.6% over the past 5 years.
Debt Coverage: TPMA's debt is well covered by operating cash flow (59.3%).
Interest Coverage: TPMA's interest payments on its debt are well covered by EBIT (9.5x coverage).