TAG Immobilien Balance Sheet Health
Financial Health criteria checks 3/6
TAG Immobilien has a total shareholder equity of €3.0B and total debt of €3.5B, which brings its debt-to-equity ratio to 114.2%. Its total assets and total liabilities are €7.7B and €4.6B respectively. TAG Immobilien's EBIT is €271.4M making its interest coverage ratio 4.4. It has cash and short-term investments of €112.4M.
Key information
114.2%
Debt to equity ratio
€3.48b
Debt
| Interest coverage ratio | 4.4x |
| Cash | €112.40m |
| Equity | €3.04b |
| Total liabilities | €4.61b |
| Total assets | €7.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAGY.Y's short term assets (€1.2B) exceed its short term liabilities (€829.9M).
Long Term Liabilities: TAGY.Y's short term assets (€1.2B) do not cover its long term liabilities (€3.8B).
Debt to Equity History and Analysis
Debt Level: TAGY.Y's net debt to equity ratio (110.5%) is considered high.
Reducing Debt: TAGY.Y's debt to equity ratio has reduced from 133.8% to 114.2% over the past 5 years.
Debt Coverage: TAGY.Y's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: TAGY.Y's interest payments on its debt are well covered by EBIT (4.4x coverage).