Trident Estates Balance Sheet Health
Financial Health criteria checks 0/6
Trident Estates has a total shareholder equity of €61.5M and total debt of €35.0M, which brings its debt-to-equity ratio to 56.9%. 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 €1.3M.
Key information
56.9%
Debt to equity ratio
€34.95m
Debt
| Interest coverage ratio | 2.2x |
| Cash | €1.33m |
| 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's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: TRI's debt to equity ratio has increased from 0% to 56.9% over the past 5 years.
Debt Coverage: TRI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TRI's interest payments on its debt are not well covered by EBIT (2.2x coverage).