TerraVest Industries Balance Sheet Health
Financial Health criteria checks 5/6
TerraVest Industries has a total shareholder equity of CA$387.9M and total debt of CA$191.8M, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CA$839.3M and CA$451.4M respectively. TerraVest Industries's EBIT is CA$119.2M making its interest coverage ratio 5. It has cash and short-term investments of CA$27.9M.
Key information
49.4%
Debt to equity ratio
CA$191.80m
Debt
| Interest coverage ratio | 5x |
| Cash | CA$27.89m |
| Equity | CA$387.88m |
| Total liabilities | CA$451.42m |
| Total assets | CA$839.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRRV.F's short term assets (CA$390.8M) exceed its short term liabilities (CA$168.8M).
Long Term Liabilities: TRRV.F's short term assets (CA$390.8M) exceed its long term liabilities (CA$282.6M).
Debt to Equity History and Analysis
Debt Level: TRRV.F's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: TRRV.F's debt to equity ratio has reduced from 117.9% to 49.4% over the past 5 years.
Debt Coverage: TRRV.F's debt is well covered by operating cash flow (76.5%).
Interest Coverage: TRRV.F's interest payments on its debt are well covered by EBIT (5x coverage).