Trio-Tech International Balance Sheet Health
Financial Health criteria checks 6/6
Trio-Tech International has a total shareholder equity of $31.6M and total debt of $874.0K, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are $42.5M and $11.0M respectively. Trio-Tech International's EBIT is $1.1M making its interest coverage ratio 14.8. It has cash and short-term investments of $16.5M.
Key information
2.8%
Debt to equity ratio
US$874.00k
Debt
| Interest coverage ratio | 14.8x |
| Cash | US$16.53m |
| Equity | US$31.58m |
| Total liabilities | US$10.96m |
| Total assets | US$42.54m |
Financial Position Analysis
Short Term Liabilities: TRT's short term assets ($32.2M) exceed its short term liabilities ($9.4M).
Long Term Liabilities: TRT's short term assets ($32.2M) exceed its long term liabilities ($1.5M).
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 11.9% to 2.8% over the past 5 years.
Debt Coverage: TRT's debt is well covered by operating cash flow (292.7%).
Interest Coverage: TRT's interest payments on its debt are well covered by EBIT (14.8x coverage).