Tornado Global Hydrovacs Balance Sheet Health
Financial Health criteria checks 5/6
Tornado Global Hydrovacs has a total shareholder equity of CA$24.3M and total debt of CA$7.6M, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are CA$47.2M and CA$22.9M respectively. Tornado Global Hydrovacs's EBIT is CA$10.2M making its interest coverage ratio 15.4. It has cash and short-term investments of CA$4.4M.
Key information
31.1%
Debt to equity ratio
CA$7.56m
Debt
Interest coverage ratio | 15.4x |
Cash | CA$4.40m |
Equity | CA$24.34m |
Total liabilities | CA$22.86m |
Total assets | CA$47.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TGHL.F's short term assets (CA$37.2M) exceed its short term liabilities (CA$18.2M).
Long Term Liabilities: TGHL.F's short term assets (CA$37.2M) exceed its long term liabilities (CA$4.6M).
Debt to Equity History and Analysis
Debt Level: TGHL.F's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: TGHL.F's debt to equity ratio has increased from 4.5% to 31.1% over the past 5 years.
Debt Coverage: TGHL.F's debt is well covered by operating cash flow (57.4%).
Interest Coverage: TGHL.F's interest payments on its debt are well covered by EBIT (15.4x coverage).