Tandy Leather Factory Balance Sheet Health
Financial Health criteria checks 6/6
Tandy Leather Factory has a total shareholder equity of $56.3M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $72.1M and $15.8M respectively. Tandy Leather Factory's EBIT is $4.4M making its interest coverage ratio -47.4. It has cash and short-term investments of $12.2M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -47.4x |
| Cash | US$12.16m |
| Equity | US$56.35m |
| Total liabilities | US$15.79m |
| Total assets | US$72.14m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TLF's short term assets ($51.3M) exceed its short term liabilities ($8.9M).
Long Term Liabilities: TLF's short term assets ($51.3M) exceed its long term liabilities ($6.9M).
Debt to Equity History and Analysis
Debt Level: TLF is debt free.
Reducing Debt: TLF has no debt compared to 5 years ago when its debt to equity ratio was 15.4%.
Debt Coverage: TLF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TLF has no debt, therefore coverage of interest payments is not a concern.