Techtronic Industries Balance Sheet Health
Financial Health criteria checks 5/6
Techtronic Industries has a total shareholder equity of $5.7B and total debt of $2.0B, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are $12.4B and $6.7B respectively. Techtronic Industries's EBIT is $1.1B making its interest coverage ratio 14.1. It has cash and short-term investments of $1.2B.
Key information
34.0%
Debt to equity ratio
US$1.95b
Debt
Interest coverage ratio | 14.1x |
Cash | US$1.17b |
Equity | US$5.75b |
Total liabilities | US$6.65b |
Total assets | US$12.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTND.Y's short term assets ($7.1B) exceed its short term liabilities ($4.8B).
Long Term Liabilities: TTND.Y's short term assets ($7.1B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: TTND.Y's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: TTND.Y's debt to equity ratio has increased from 34% to 34% over the past 5 years.
Debt Coverage: TTND.Y's debt is well covered by operating cash flow (107.7%).
Interest Coverage: TTND.Y's interest payments on its debt are well covered by EBIT (14.1x coverage).