City Cars Balance Sheet Health
Financial Health criteria checks 6/6
City Cars has a total shareholder equity of TND94.5M and total debt of TND11.0M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are TND273.2M and TND178.7M respectively. City Cars's EBIT is TND45.8M making its interest coverage ratio -17.7. It has cash and short-term investments of TND73.4M.
Key information
11.7%
Debt to equity ratio
د.ت11.03m
Debt
| Interest coverage ratio | -17.7x |
| Cash | د.ت73.41m |
| Equity | د.ت94.53m |
| Total liabilities | د.ت178.71m |
| Total assets | د.ت273.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CITY's short term assets (TND218.4M) exceed its short term liabilities (TND176.3M).
Long Term Liabilities: CITY's short term assets (TND218.4M) exceed its long term liabilities (TND2.4M).
Debt to Equity History and Analysis
Debt Level: CITY has more cash than its total debt.
Reducing Debt: CITY's debt to equity ratio has reduced from 37.1% to 11.7% over the past 5 years.
Debt Coverage: CITY's debt is well covered by operating cash flow (72.6%).
Interest Coverage: CITY earns more interest than it pays, so coverage of interest payments is not a concern.