Tanzania Cigarette Balance Sheet Health
Financial Health criteria checks 5/6
Tanzania Cigarette has a total shareholder equity of TZS162.7B and total debt of TZS33.2B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are TZS351.1B and TZS188.4B respectively. Tanzania Cigarette's EBIT is TZS105.8B making its interest coverage ratio 43.4. It has cash and short-term investments of TZS40.0B.
Key information
20.4%
Debt to equity ratio
TSh33.22b
Debt
Interest coverage ratio | 43.4x |
Cash | TSh39.98b |
Equity | TSh162.72b |
Total liabilities | TSh188.39b |
Total assets | TSh351.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCC's short term assets (TZS267.0B) exceed its short term liabilities (TZS172.6B).
Long Term Liabilities: TCC's short term assets (TZS267.0B) exceed its long term liabilities (TZS15.8B).
Debt to Equity History and Analysis
Debt Level: TCC has more cash than its total debt.
Reducing Debt: TCC's debt to equity ratio has increased from 0% to 20.4% over the past 5 years.
Debt Coverage: TCC's debt is well covered by operating cash flow (248.2%).
Interest Coverage: TCC's interest payments on its debt are well covered by EBIT (43.4x coverage).