Trio-Tech International Balance Sheet Health
Financial Health criteria checks 6/6
Trio-Tech International has a total shareholder equity of $31.5M and total debt of $984.0K, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are $43.1M and $11.6M respectively. Trio-Tech International's EBIT is $936.0K making its interest coverage ratio -3.8. It has cash and short-term investments of $17.0M.
Key information
3.1%
Debt to equity ratio
US$984.00k
Debt
| Interest coverage ratio | -3.8x |
| Cash | US$17.03m |
| Equity | US$31.45m |
| Total liabilities | US$11.64m |
| Total assets | US$43.09m |
Financial Position Analysis
Short Term Liabilities: TRT's short term assets ($32.3M) exceed its short term liabilities ($9.8M).
Long Term Liabilities: TRT's short term assets ($32.3M) exceed its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: TRT has more cash than its total debt.
Reducing Debt: TRT's debt to equity ratio has reduced from 14.5% to 3.1% over the past 5 years.
Debt Coverage: TRT's debt is well covered by operating cash flow (428%).
Interest Coverage: TRT earns more interest than it pays, so coverage of interest payments is not a concern.