TMX Group Balance Sheet Health
Financial Health criteria checks 4/6
TMX Group has a total shareholder equity of CA$4.3B and total debt of CA$1.1B, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CA$64.3B and CA$60.0B respectively. TMX Group's EBIT is CA$2.2B making its interest coverage ratio 1.3. It has cash and short-term investments of CA$419.6M.
Key information
24.5%
Debt to equity ratio
CA$1.06b
Debt
Interest coverage ratio | 1.3x |
Cash | CA$419.60m |
Equity | CA$4.32b |
Total liabilities | CA$60.02b |
Total assets | CA$64.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMXX.F's short term assets (CA$58.4B) do not cover its short term liabilities (CA$58.6B).
Long Term Liabilities: TMXX.F's short term assets (CA$58.4B) exceed its long term liabilities (CA$1.5B).
Debt to Equity History and Analysis
Debt Level: TMXX.F's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: TMXX.F's debt to equity ratio has reduced from 32.7% to 24.5% over the past 5 years.
Debt Coverage: TMXX.F's debt is well covered by operating cash flow (49.7%).
Interest Coverage: TMXX.F's interest payments on its debt are not well covered by EBIT (1.3x coverage).