Turning Point Brands Balance Sheet Health
Financial Health criteria checks 3/6
Turning Point Brands has a total shareholder equity of $152.0M and total debt of $365.4M, which brings its debt-to-equity ratio to 240.4%. Its total assets and total liabilities are $569.4M and $417.4M respectively. Turning Point Brands's EBIT is $84.3M making its interest coverage ratio 5.3. It has cash and short-term investments of $117.9M.
Key information
240.4%
Debt to equity ratio
US$365.36m
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$117.89m |
| Equity | US$152.01m |
| Total liabilities | US$417.35m |
| Total assets | US$569.36m |
Recent financial health updates
Does Turning Point Brands (NYSE:TPB) Have A Healthy Balance Sheet?
Jun 08
We Think Turning Point Brands (NYSE:TPB) Is Taking Some Risk With Its Debt
Feb 25These 4 Measures Indicate That Turning Point Brands (NYSE:TPB) Is Using Debt Reasonably Well
Jun 21Recent updates
Turning Point Brands' (NYSE:TPB) Dividend Will Be Increased To $0.07
Mar 19Turning Point Brands (NYSE:TPB) Has Affirmed Its Dividend Of $0.07
Mar 03Turning Point Brands, Inc. (NYSE:TPB) Doing What It Can To Lift Shares
Mar 01Turning Point Brands: Entry Into Oral Nicotine Pouch Category Is A 2024 Catalyst
Mar 01Turning Point Brands (NYSE:TPB) Has Affirmed Its Dividend Of $0.065
Dec 07Turning Point: Double-Digit Growth Of Stoker's MST May Imply Undervaluation
Nov 11Turning Point Brands (NYSE:TPB) Will Pay A Dividend Of $0.065
Aug 28Turning Point Brands' (NYSE:TPB) Dividend Will Be $0.065
Aug 09Turning Point Brands Reports Positive Q2 Income And Free Cash Flow
Aug 04Does Turning Point Brands (NYSE:TPB) Have A Healthy Balance Sheet?
Jun 08Turning Point Brands (NYSE:TPB) Is Due To Pay A Dividend Of $0.065
May 21Turning Point Brands' (NYSE:TPB) Dividend Will Be $0.065
May 07Turning Point Brands (NYSE:TPB) Is Paying Out A Dividend Of $0.065
Feb 27We Think Turning Point Brands (NYSE:TPB) Is Taking Some Risk With Its Debt
Feb 25Turning Point Brands Q4 2022 Earnings Preview
Feb 23Has Turning Point Brands Reached A Turning Point?
Jan 26Turning Point Brands Q3 2022 Earnings Preview
Oct 25Turning Point Brands guides Q3 sales above consensus, revises full-year outlook
Oct 17Turning Point Brands: Short-Term Pain, Long-Term Gain
Aug 27Turning Point Brands' (NYSE:TPB) Dividend Will Be $0.06
Aug 19Turning Point Brands declares $0.06 dividend
Aug 03Turning Point Brands Non-GAAP EPS of $0.70 misses by $0.03, revenue of $102.9M misses by $2.96M
Jul 27Turning Point Brands (NYSE:TPB) Has Re-Affirmed Its Dividend Of US$0.06
Jun 04Turning Point Brands: Some Risk But Ready For Growth
Jun 02Turning Point Brands (NYSE:TPB) Is Increasing Its Dividend To US$0.06
Mar 08Turning Point Brands: Growth And Safety For Only 10x Free Cash Flow
Feb 23Turning Point Brands: A Blunt Assessment
Dec 30Is Now The Time To Put Turning Point Brands (NYSE:TPB) On Your Watchlist?
Nov 19An Intrinsic Calculation For Turning Point Brands, Inc. (NYSE:TPB) Suggests It's 42% Undervalued
Sep 23Does Turning Point Brands (NYSE:TPB) Deserve A Spot On Your Watchlist?
Aug 10Turning Point Brands: A Profitable Cannabis Company At A Compelling Valuation
Jul 28Insight Into Turning Point Brands' Upcoming Q2 Earnings
Jul 10These 4 Measures Indicate That Turning Point Brands (NYSE:TPB) Is Using Debt Reasonably Well
Jun 21Is There An Opportunity With Turning Point Brands, Inc.'s (NYSE:TPB) 43% Undervaluation?
May 31Financial Position Analysis
Short Term Liabilities: TPB's short term assets ($267.6M) exceed its short term liabilities ($100.3M).
Long Term Liabilities: TPB's short term assets ($267.6M) do not cover its long term liabilities ($317.0M).
Debt to Equity History and Analysis
Debt Level: TPB's net debt to equity ratio (162.8%) is considered high.
Reducing Debt: TPB's debt to equity ratio has reduced from 268.2% to 240.4% over the past 5 years.
Debt Coverage: TPB's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: TPB's interest payments on its debt are well covered by EBIT (5.3x coverage).