Thomson Reuters Financial Health
Financial Health criteria checks 4/6
Thomson Reuters has a total shareholder equity of $12.5B and total debt of $4.4B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are $21.0B and $8.6B respectively. Thomson Reuters's EBIT is $1.8B making its interest coverage ratio 6.9. It has cash and short-term investments of $1.8B.
Debt to equity ratio
|Interest coverage ratio||6.9x|
Recent financial health updates
Thomson Reuters: Strong Growth In Cash And Earnings Despite Macroeconomic PressuresFeb 26
Thomson Reuters Q4 2022 Earnings PreviewFeb 08
Thomson Reuters to acquire SurePrep for $500M in cashNov 11
Thomson Reuters Q3 2022 Earnings PreviewOct 31
Thomson Reuters: Wait For A Better Entry PointSep 19
Thomson Reuters: Further Growth Anticipated In Multiple SegmentsAug 24
Thomson Reuters Q2 2022 Earnings PreviewAug 03
Thomson Reuters: Impressive Revenue Growth In A Challenging EnvironmentJun 30
Thomson Reuters Will Expand Margins, But Its Qualities Are Priced InMar 26
Thomson Reuters: Venture Capital Fund And Cloud Migration In The LimelightNov 26
Thomson Reuters: Change Is HappeningAug 30
Thomson Reuters: All Eyes On Margin Guidance And Subscriber PaywallJun 14
Thomson Reuters declares $0.405 dividendMay 04
Financial Position Analysis
Short Term Liabilities: TRI's short term assets ($3.4B) do not cover its short term liabilities ($3.7B).
Long Term Liabilities: TRI's short term assets ($3.4B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: TRI's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: TRI's debt to equity ratio has reduced from 55.1% to 35.4% over the past 5 years.
Debt Coverage: TRI's debt is well covered by operating cash flow (43.2%).
Interest Coverage: TRI's interest payments on its debt are well covered by EBIT (6.9x coverage).