Tessenderlo Group Balance Sheet Health
Financial Health criteria checks 6/6
Tessenderlo Group has a total shareholder equity of €2.0B and total debt of €157.9M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are €2.9B and €959.7M respectively. Tessenderlo Group's EBIT is €68.7M making its interest coverage ratio -16.8. It has cash and short-term investments of €177.8M.
Key information
8.1%
Debt to equity ratio
€157.90m
Debt
| Interest coverage ratio | -16.8x |
| Cash | €177.80m |
| Equity | €1.95b |
| Total liabilities | €959.70m |
| Total assets | €2.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TSDO.F's short term assets (€1.3B) exceed its short term liabilities (€526.4M).
Long Term Liabilities: TSDO.F's short term assets (€1.3B) exceed its long term liabilities (€433.3M).
Debt to Equity History and Analysis
Debt Level: TSDO.F has more cash than its total debt.
Reducing Debt: TSDO.F's debt to equity ratio has reduced from 57.8% to 8.1% over the past 5 years.
Debt Coverage: TSDO.F's debt is well covered by operating cash flow (179.7%).
Interest Coverage: TSDO.F earns more interest than it pays, so coverage of interest payments is not a concern.