Tarkett Balance Sheet Health
Financial Health criteria checks 2/6
Tarkett has a total shareholder equity of €913.0M and total debt of €765.1M, which brings its debt-to-equity ratio to 83.8%. Its total assets and total liabilities are €2.6B and €1.7B respectively. Tarkett's EBIT is €68.1M making its interest coverage ratio 2.3. It has cash and short-term investments of €220.8M.
Key information
83.8%
Debt to equity ratio
€765.10m
Debt
Interest coverage ratio | 2.3x |
Cash | €220.80m |
Equity | €913.00m |
Total liabilities | €1.69b |
Total assets | €2.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKTT N's short term assets (€1.2B) exceed its short term liabilities (€748.1M).
Long Term Liabilities: TKTT N's short term assets (€1.2B) exceed its long term liabilities (€945.3M).
Debt to Equity History and Analysis
Debt Level: TKTT N's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: TKTT N's debt to equity ratio has increased from 77.2% to 83.8% over the past 5 years.
Debt Coverage: TKTT N's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TKTT N's interest payments on its debt are not well covered by EBIT (2.3x coverage).