Tomra Systems Balance Sheet Health
Financial Health criteria checks 5/6
Tomra Systems has a total shareholder equity of NOK7.2B and total debt of NOK3.7B, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are NOK17.3B and NOK10.1B respectively. Tomra Systems's EBIT is NOK1.1B making its interest coverage ratio 6.2. It has cash and short-term investments of NOK1.1B.
Key information
51.2%
Debt to equity ratio
kr3.67b
Debt
Interest coverage ratio | 6.2x |
Cash | kr1.12b |
Equity | kr7.18b |
Total liabilities | kr10.10b |
Total assets | kr17.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMRA.Y's short term assets (NOK8.3B) exceed its short term liabilities (NOK2.7B).
Long Term Liabilities: TMRA.Y's short term assets (NOK8.3B) exceed its long term liabilities (NOK7.4B).
Debt to Equity History and Analysis
Debt Level: TMRA.Y's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: TMRA.Y's debt to equity ratio has increased from 29.6% to 51.2% over the past 5 years.
Debt Coverage: TMRA.Y's debt is well covered by operating cash flow (35.5%).
Interest Coverage: TMRA.Y's interest payments on its debt are well covered by EBIT (6.2x coverage).