TerraVest Industries Balance Sheet Health
Financial Health criteria checks 4/6
TerraVest Industries has a total shareholder equity of CA$262.1M and total debt of CA$321.9M, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are CA$804.1M and CA$541.9M respectively. TerraVest Industries's EBIT is CA$98.7M making its interest coverage ratio 5.3. It has cash and short-term investments of CA$18.2M.
Key information
122.8%
Debt to equity ratio
CA$321.92m
Debt
Interest coverage ratio | 5.3x |
Cash | CA$18.18m |
Equity | CA$262.14m |
Total liabilities | CA$541.94m |
Total assets | CA$804.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRRV.F's short term assets (CA$364.3M) exceed its short term liabilities (CA$176.3M).
Long Term Liabilities: TRRV.F's short term assets (CA$364.3M) do not cover its long term liabilities (CA$365.6M).
Debt to Equity History and Analysis
Debt Level: TRRV.F's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: TRRV.F's debt to equity ratio has reduced from 127.6% to 122.8% over the past 5 years.
Debt Coverage: TRRV.F's debt is well covered by operating cash flow (29.8%).
Interest Coverage: TRRV.F's interest payments on its debt are well covered by EBIT (5.3x coverage).