Trident Estates Balance Sheet Health
Financial Health criteria checks 0/6
Trident Estates has a total shareholder equity of €59.8M and total debt of €34.9M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are €103.4M and €43.6M respectively. Trident Estates's EBIT is €1.8M making its interest coverage ratio 1.5. It has cash and short-term investments of €1.1M.
Key information
58.4%
Debt to equity ratio
€34.90m
Debt
Interest coverage ratio | 1.5x |
Cash | €1.13m |
Equity | €59.79m |
Total liabilities | €43.60m |
Total assets | €103.39m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TRI's short term assets (€2.8M) do not cover its short term liabilities (€8.7M).
Long Term Liabilities: TRI's short term assets (€2.8M) do not cover its long term liabilities (€34.9M).
Debt to Equity History and Analysis
Debt Level: TRI's net debt to equity ratio (56.5%) is considered high.
Reducing Debt: TRI's debt to equity ratio has increased from 0% to 58.4% over the past 5 years.
Debt Coverage: TRI's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: TRI's interest payments on its debt are not well covered by EBIT (1.5x coverage).