Tenax International Balance Sheet Health
Financial Health criteria checks 4/6
Tenax International has a total shareholder equity of €7.9M and total debt of €8.8M, which brings its debt-to-equity ratio to 112.2%. Its total assets and total liabilities are €25.7M and €17.8M respectively. Tenax International's EBIT is €1.9M making its interest coverage ratio 5.1. It has cash and short-term investments of €2.1M.
Key information
112.2%
Debt to equity ratio
€8.83m
Debt
| Interest coverage ratio | 5.1x |
| Cash | €2.08m |
| Equity | €7.87m |
| Total liabilities | €17.84m |
| Total assets | €25.71m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TNX's short term assets (€21.1M) exceed its short term liabilities (€11.5M).
Long Term Liabilities: TNX's short term assets (€21.1M) exceed its long term liabilities (€6.4M).
Debt to Equity History and Analysis
Debt Level: TNX's net debt to equity ratio (85.8%) is considered high.
Reducing Debt: TNX's debt to equity ratio has reduced from 131.9% to 112.2% over the past 5 years.
Debt Coverage: TNX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TNX's interest payments on its debt are well covered by EBIT (5.1x coverage).