City Cars Balance Sheet Health
Financial Health criteria checks 6/6
City Cars has a total shareholder equity of TND85.3M and total debt of TND11.0M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are TND242.0M and TND156.7M respectively. City Cars's EBIT is TND44.2M making its interest coverage ratio -16.1. It has cash and short-term investments of TND94.8M.
Key information
12.9%
Debt to equity ratio
د.ت10.98m
Debt
Interest coverage ratio | -16.1x |
Cash | د.ت94.85m |
Equity | د.ت85.29m |
Total liabilities | د.ت156.68m |
Total assets | د.ت241.97m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CITY's short term assets (TND193.6M) exceed its short term liabilities (TND154.0M).
Long Term Liabilities: CITY's short term assets (TND193.6M) exceed its long term liabilities (TND2.7M).
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 19.9% to 12.9% over the past 5 years.
Debt Coverage: CITY's debt is well covered by operating cash flow (185.3%).
Interest Coverage: CITY earns more interest than it pays, so coverage of interest payments is not a concern.