Tecsys Balance Sheet Health
Financial Health criteria checks 6/6
Tecsys has a total shareholder equity of CA$72.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$128.0M and CA$56.0M respectively. Tecsys's EBIT is CA$4.0M making its interest coverage ratio -4.7. It has cash and short-term investments of CA$33.2M.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | -4.7x |
Cash | CA$33.21m |
Equity | CA$71.95m |
Total liabilities | CA$56.00m |
Total assets | CA$127.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCYS.F's short term assets (CA$78.4M) exceed its short term liabilities (CA$53.3M).
Long Term Liabilities: TCYS.F's short term assets (CA$78.4M) exceed its long term liabilities (CA$2.7M).
Debt to Equity History and Analysis
Debt Level: TCYS.F is debt free.
Reducing Debt: TCYS.F has no debt compared to 5 years ago when its debt to equity ratio was 30%.
Debt Coverage: TCYS.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TCYS.F has no debt, therefore coverage of interest payments is not a concern.