TOL Gases Balance Sheet Health
Financial Health criteria checks 4/6
TOL Gases has a total shareholder equity of TZS25.5B and total debt of TZS21.4B, which brings its debt-to-equity ratio to 83.9%. Its total assets and total liabilities are TZS56.0B and TZS30.5B respectively. TOL Gases's EBIT is TZS7.2B making its interest coverage ratio 7.2. It has cash and short-term investments of TZS5.1B.
Key information
83.9%
Debt to equity ratio
TSh21.36b
Debt
Interest coverage ratio | 7.2x |
Cash | TSh5.10b |
Equity | TSh25.45b |
Total liabilities | TSh30.55b |
Total assets | TSh56.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TOL's short term assets (TZS19.4B) exceed its short term liabilities (TZS17.8B).
Long Term Liabilities: TOL's short term assets (TZS19.4B) exceed its long term liabilities (TZS12.8B).
Debt to Equity History and Analysis
Debt Level: TOL's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: TOL's debt to equity ratio has increased from 44.2% to 83.9% over the past 5 years.
Debt Coverage: TOL's debt is well covered by operating cash flow (34.2%).
Interest Coverage: TOL's interest payments on its debt are well covered by EBIT (7.2x coverage).