Tree Island Steel Balance Sheet Health
Financial Health criteria checks 6/6
Tree Island Steel has a total shareholder equity of CA$126.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$172.0M and CA$45.1M respectively. Tree Island Steel's EBIT is CA$16.7M making its interest coverage ratio 15.8. It has cash and short-term investments of CA$20.3M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | 15.8x |
| Cash | CA$20.34m |
| Equity | CA$126.88m |
| Total liabilities | CA$45.10m |
| Total assets | CA$171.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TWIR.F's short term assets (CA$102.5M) exceed its short term liabilities (CA$16.7M).
Long Term Liabilities: TWIR.F's short term assets (CA$102.5M) exceed its long term liabilities (CA$28.4M).
Debt to Equity History and Analysis
Debt Level: TWIR.F is debt free.
Reducing Debt: TWIR.F has no debt compared to 5 years ago when its debt to equity ratio was 121.2%.
Debt Coverage: TWIR.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TWIR.F has no debt, therefore coverage of interest payments is not a concern.