Société Tunisienne des Industries de Pneumatiques Balance Sheet Health
Financial Health criteria checks 2/6
Société Tunisienne des Industries de Pneumatiques has a total shareholder equity of TND16.9M and total debt of TND89.3M, which brings its debt-to-equity ratio to 528.6%. Its total assets and total liabilities are TND228.9M and TND212.0M respectively. Société Tunisienne des Industries de Pneumatiques's EBIT is TND17.7M making its interest coverage ratio 2.2. It has cash and short-term investments of TND2.6M.
Key information
528.6%
Debt to equity ratio
د.ت89.33m
Debt
Interest coverage ratio | 2.2x |
Cash | د.ت2.59m |
Equity | د.ت16.90m |
Total liabilities | د.ت211.96m |
Total assets | د.ت228.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: STIP's short term assets (TND130.3M) do not cover its short term liabilities (TND173.3M).
Long Term Liabilities: STIP's short term assets (TND130.3M) exceed its long term liabilities (TND38.6M).
Debt to Equity History and Analysis
Debt Level: STIP's net debt to equity ratio (513.3%) is considered high.
Reducing Debt: STIP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: STIP's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: STIP's interest payments on its debt are not well covered by EBIT (2.2x coverage).