Trident Estates Balance Sheet Health
Financial Health criteria checks 0/6
Trident Estates has a total shareholder equity of €60.8M and total debt of €27.6M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are €104.0M and €43.2M respectively. Trident Estates's EBIT is €2.2M making its interest coverage ratio 1.6. It has cash and short-term investments of €1.1M.
Key information
45.4%
Debt to equity ratio
€27.61m
Debt
Interest coverage ratio | 1.6x |
Cash | €1.06m |
Equity | €60.78m |
Total liabilities | €43.21m |
Total assets | €103.98m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TRI's short term assets (€2.5M) do not cover its short term liabilities (€7.6M).
Long Term Liabilities: TRI's short term assets (€2.5M) do not cover its long term liabilities (€35.6M).
Debt to Equity History and Analysis
Debt Level: TRI's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: TRI's debt to equity ratio has increased from 0.4% to 45.4% 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 (1.6x coverage).