Textainer Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Textainer Group Holdings has a total shareholder equity of $2.0B and total debt of $5.0B, which brings its debt-to-equity ratio to 252%. Its total assets and total liabilities are $7.1B and $5.1B respectively. Textainer Group Holdings's EBIT is $371.6M making its interest coverage ratio 2.2. It has cash and short-term investments of $131.1M.
Key information
252.0%
Debt to equity ratio
US$4.99b
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$131.14m |
| Equity | US$1.98b |
| Total liabilities | US$5.10b |
| Total assets | US$7.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGH.PRA's short term assets ($468.3M) exceed its short term liabilities ($403.1M).
Long Term Liabilities: TGH.PRA's short term assets ($468.3M) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: TGH.PRA's net debt to equity ratio (245.4%) is considered high.
Reducing Debt: TGH.PRA's debt to equity ratio has reduced from 276.2% to 252% over the past 5 years.
Debt Coverage: TGH.PRA's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: TGH.PRA's interest payments on its debt are not well covered by EBIT (2.2x coverage).