Tenax International Balance Sheet Health
Financial Health criteria checks 3/6
Tenax International has a total shareholder equity of €7.3M and total debt of €7.6M, which brings its debt-to-equity ratio to 103.6%. Its total assets and total liabilities are €22.1M and €14.7M respectively. Tenax International's EBIT is €1.3M making its interest coverage ratio 4.3. It has cash and short-term investments of €2.2M.
Key information
103.6%
Debt to equity ratio
€7.60m
Debt
Interest coverage ratio | 4.3x |
Cash | €2.21m |
Equity | €7.33m |
Total liabilities | €14.72m |
Total assets | €22.05m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TNX's short term assets (€18.0M) exceed its short term liabilities (€10.5M).
Long Term Liabilities: TNX's short term assets (€18.0M) exceed its long term liabilities (€4.2M).
Debt to Equity History and Analysis
Debt Level: TNX's net debt to equity ratio (73.5%) is considered high.
Reducing Debt: TNX's debt to equity ratio has increased from 0% to 103.6% over the past 5 years.
Debt Coverage: TNX's debt is not well covered by operating cash flow (0.2%).
Interest Coverage: TNX's interest payments on its debt are well covered by EBIT (4.3x coverage).