Tetragon Financial Group Balance Sheet Health
Financial Health criteria checks 3/6
Tetragon Financial Group has a total shareholder equity of $2.8B and total debt of $250.0M, which brings its debt-to-equity ratio to 8.8%. Its total assets and total liabilities are $3.1B and $280.4M respectively. Tetragon Financial Group's EBIT is $164.8M making its interest coverage ratio 6.9. It has cash and short-term investments of $23.1M.
Key information
8.8%
Debt to equity ratio
US$250.00m
Debt
Interest coverage ratio | 6.9x |
Cash | US$23.10m |
Equity | US$2.83b |
Total liabilities | US$280.40m |
Total assets | US$3.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TFG's short term assets ($40.1M) exceed its short term liabilities ($30.4M).
Long Term Liabilities: TFG's short term assets ($40.1M) do not cover its long term liabilities ($250.0M).
Debt to Equity History and Analysis
Debt Level: TFG's net debt to equity ratio (8%) is considered satisfactory.
Reducing Debt: TFG's debt to equity ratio has increased from 1.7% to 8.8% over the past 5 years.
Debt Coverage: TFG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TFG's interest payments on its debt are well covered by EBIT (6.9x coverage).