Trinidad Cement Balance Sheet Health
Financial Health criteria checks 5/6
Trinidad Cement has a total shareholder equity of TTD991.6M and total debt of TTD473.8M, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are TTD2.5B and TTD1.5B respectively. Trinidad Cement's EBIT is TTD355.1M making its interest coverage ratio 11.7. It has cash and short-term investments of TTD97.1M.
Key information
47.8%
Debt to equity ratio
TT$473.77m
Debt
Interest coverage ratio | 11.7x |
Cash | TT$97.07m |
Equity | TT$991.60m |
Total liabilities | TT$1.48b |
Total assets | TT$2.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCL's short term assets (TTD805.0M) exceed its short term liabilities (TTD591.3M).
Long Term Liabilities: TCL's short term assets (TTD805.0M) do not cover its long term liabilities (TTD889.5M).
Debt to Equity History and Analysis
Debt Level: TCL's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: TCL's debt to equity ratio has reduced from 126.5% to 47.8% over the past 5 years.
Debt Coverage: TCL's debt is well covered by operating cash flow (63%).
Interest Coverage: TCL's interest payments on its debt are well covered by EBIT (11.7x coverage).