Trident Estates Balance Sheet Health
Financial Health criteria checks 4/6
Trident Estates has a total shareholder equity of €61.5M and total debt of €0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are €104.5M and €43.0M respectively. Trident Estates's EBIT is €2.9M making its interest coverage ratio 2.2. It has cash and short-term investments of €1.1M.
Key information
0%
Debt to equity ratio
€0
Debt
| Interest coverage ratio | 2.2x |
| Cash | €1.06m |
| Equity | €61.46m |
| Total liabilities | €43.03m |
| Total assets | €104.49m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TRI's short term assets (€3.3M) do not cover its short term liabilities (€8.1M).
Long Term Liabilities: TRI's short term assets (€3.3M) do not cover its long term liabilities (€35.0M).
Debt to Equity History and Analysis
Debt Level: TRI is debt free.
Reducing Debt: TRI had no debt 5 years ago.
Debt Coverage: TRI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TRI has no debt, therefore coverage of interest payments is not a concern.