Take Off Balance Sheet Health
Financial Health criteria checks 4/6
Take Off has a total shareholder equity of €23.7M and total debt of €1.0M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are €37.8M and €14.1M respectively.
Key information
4.3%
Debt to equity ratio
€1.02m
Debt
| Interest coverage ratio | n/a |
| Cash | €14.96m |
| Equity | €23.70m |
| Total liabilities | €14.10m |
| Total assets | €37.80m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TKF's short term assets (€26.7M) exceed its short term liabilities (€7.1M).
Long Term Liabilities: TKF's short term assets (€26.7M) exceed its long term liabilities (€7.0M).
Debt to Equity History and Analysis
Debt Level: TKF has more cash than its total debt.
Reducing Debt: Insufficient data to determine if TKF's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TKF's debt is well covered by operating cash flow (58.6%).
Interest Coverage: Insufficient data to determine if TKF's interest payments on its debt are well covered by EBIT.