TMX Group Balance Sheet Health
Financial Health criteria checks 5/6
TMX Group has a total shareholder equity of CA$4.6B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CA$52.2B and CA$47.6B respectively. TMX Group's EBIT is CA$600.9M making its interest coverage ratio 26.2. It has cash and short-term investments of CA$518.9M.
Key information
48.4%
Debt to equity ratio
CA$2.23b
Debt
| Interest coverage ratio | 26.2x |
| Cash | CA$518.90m |
| Equity | CA$4.62b |
| Total liabilities | CA$47.60b |
| Total assets | CA$52.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TMXX.F's short term assets (CA$44.8B) exceed its short term liabilities (CA$44.7B).
Long Term Liabilities: TMXX.F's short term assets (CA$44.8B) exceed its long term liabilities (CA$2.9B).
Debt to Equity History and Analysis
Debt Level: TMXX.F's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: TMXX.F's debt to equity ratio has increased from 29.7% to 48.4% over the past 5 years.
Debt Coverage: TMXX.F's debt is well covered by operating cash flow (26.2%).
Interest Coverage: TMXX.F's interest payments on its debt are well covered by EBIT (26.2x coverage).