Toromont Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toromont Industries has a total shareholder equity of CA$2.9B and total debt of CA$648.2M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CA$4.7B and CA$1.8B respectively. Toromont Industries's EBIT is CA$663.6M making its interest coverage ratio -23.9. It has cash and short-term investments of CA$670.7M.
Key information
22.4%
Debt to equity ratio
CA$648.24m
Debt
| Interest coverage ratio | -23.9x |
| Cash | CA$670.73m |
| Equity | CA$2.90b |
| Total liabilities | CA$1.81b |
| Total assets | CA$4.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMTN.F's short term assets (CA$2.7B) exceed its short term liabilities (CA$1.1B).
Long Term Liabilities: TMTN.F's short term assets (CA$2.7B) exceed its long term liabilities (CA$688.6M).
Debt to Equity History and Analysis
Debt Level: TMTN.F has more cash than its total debt.
Reducing Debt: TMTN.F's debt to equity ratio has reduced from 44.5% to 22.4% over the past 5 years.
Debt Coverage: TMTN.F's debt is well covered by operating cash flow (44.7%).
Interest Coverage: TMTN.F earns more interest than it pays, so coverage of interest payments is not a concern.