TAT Technologies Balance Sheet Health
Financial Health criteria checks 4/6
TAT Technologies has a total shareholder equity of $95.7M and total debt of $26.5M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are $147.8M and $52.1M respectively. TAT Technologies's EBIT is $8.1M making its interest coverage ratio 4.9. It has cash and short-term investments of $8.1M.
Key information
27.6%
Debt to equity ratio
US$26.45m
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$8.06m |
| Equity | US$95.74m |
| Total liabilities | US$52.08m |
| Total assets | US$147.82m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TATT's short term assets ($97.7M) exceed its short term liabilities ($37.6M).
Long Term Liabilities: TATT's short term assets ($97.7M) exceed its long term liabilities ($14.5M).
Debt to Equity History and Analysis
Debt Level: TATT's net debt to equity ratio (19.2%) is considered satisfactory.
Reducing Debt: TATT's debt to equity ratio has increased from 0% to 27.6% over the past 5 years.
Debt Coverage: TATT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TATT's interest payments on its debt are well covered by EBIT (4.9x coverage).