T&G Global Balance Sheet Health
Financial Health criteria checks 3/6
T&G Global has a total shareholder equity of NZ$521.9M and total debt of NZ$197.7M, which brings its debt-to-equity ratio to 37.9%. Its total assets and total liabilities are NZ$1.1B and NZ$553.3M respectively.
Key information
37.9%
Debt to equity ratio
NZ$197.67m
Debt
Interest coverage ratio | n/a |
Cash | NZ$31.37m |
Equity | NZ$521.89m |
Total liabilities | NZ$553.32m |
Total assets | NZ$1.08b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TGG's short term assets (NZ$353.4M) exceed its short term liabilities (NZ$232.1M).
Long Term Liabilities: TGG's short term assets (NZ$353.4M) exceed its long term liabilities (NZ$321.2M).
Debt to Equity History and Analysis
Debt Level: TGG's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: TGG's debt to equity ratio has increased from 37.4% to 37.9% over the past 5 years.
Debt Coverage: TGG's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: Insufficient data to determine if TGG's interest payments on its debt are well covered by EBIT.