Carrols Restaurant Group Balance Sheet Health
Financial Health criteria checks 1/6
Carrols Restaurant Group has a total shareholder equity of $188.0M and total debt of $418.4M, which brings its debt-to-equity ratio to 222.5%. Its total assets and total liabilities are $1.6B and $1.4B respectively. Carrols Restaurant Group's EBIT is $64.5M making its interest coverage ratio 2.4. It has cash and short-term investments of $38.0M.
Key information
222.5%
Debt to equity ratio
US$418.40m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$38.03m |
| Equity | US$188.04m |
| Total liabilities | US$1.38b |
| Total assets | US$1.57b |
Recent financial health updates
Does Carrols Restaurant Group (NASDAQ:TAST) Have A Healthy Balance Sheet?
Nov 10
Is Carrols Restaurant Group (NASDAQ:TAST) A Risky Investment?
May 13Carrols Restaurant Group (NASDAQ:TAST) Has Debt But No Earnings; Should You Worry?
Jan 09Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?
Sep 05Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?
May 02Recent updates
Carrols: No Meat Left On This Bone, Sell
Mar 28Carrols Restaurant Group, Inc.'s (NASDAQ:TAST) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
Jan 17Solid Earnings Reflect Carrols Restaurant Group's (NASDAQ:TAST) Strength As A Business
Nov 17Does Carrols Restaurant Group (NASDAQ:TAST) Have A Healthy Balance Sheet?
Nov 10Is Carrols Restaurant Group (NASDAQ:TAST) A Risky Investment?
May 13Carrols Restaurant Group (NASDAQ:TAST) Has Debt But No Earnings; Should You Worry?
Jan 09Carrols Restaurant Group: Valuation Starting To Improve
Sep 26Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?
Sep 05Carrols Restaurant Q2 2022 Earnings Preview
Aug 10Carrols Restaurant Group: A High-Risk Bet On The Restaurant Space
Jul 04Is Carrols Restaurant Group (NASDAQ:TAST) Using Debt Sensibly?
May 02Carrols Restaurant Group: High-Risk, High-Reward
Dec 22Is Carrols Restaurant Group (NASDAQ:TAST) Using Too Much Debt?
Nov 01Financial Position Analysis
Short Term Liabilities: TAST's short term assets ($91.4M) do not cover its short term liabilities ($192.4M).
Long Term Liabilities: TAST's short term assets ($91.4M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: TAST's net debt to equity ratio (202.3%) is considered high.
Reducing Debt: TAST's debt to equity ratio has increased from 153.3% to 222.5% over the past 5 years.
Debt Coverage: TAST's debt is well covered by operating cash flow (34.3%).
Interest Coverage: TAST's interest payments on its debt are not well covered by EBIT (2.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/15 17:54 |
| End of Day Share Price | 2024/05/15 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Carrols Restaurant Group, Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Gadlin | CJS Securities, Inc. |
| Jeremy Hamblin | Craig-Hallum Capital Group LLC |
| Brian Mullan | Deutsche Bank |