TT Electronics Balance Sheet Health
Financial Health criteria checks 3/6
TT Electronics has a total shareholder equity of £266.9M and total debt of £174.8M, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are £603.4M and £336.5M respectively. TT Electronics's EBIT is £4.3M making its interest coverage ratio 0.4. It has cash and short-term investments of £65.1M.
Key information
65.5%
Debt to equity ratio
UK£174.80m
Debt
| Interest coverage ratio | 0.4x |
| Cash | UK£65.10m |
| Equity | UK£266.90m |
| Total liabilities | UK£336.50m |
| Total assets | UK£603.40m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTGP.F's short term assets (£316.8M) exceed its short term liabilities (£140.0M).
Long Term Liabilities: TTGP.F's short term assets (£316.8M) exceed its long term liabilities (£196.5M).
Debt to Equity History and Analysis
Debt Level: TTGP.F's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: TTGP.F's debt to equity ratio has increased from 41.5% to 65.5% over the past 5 years.
Debt Coverage: TTGP.F's debt is well covered by operating cash flow (24%).
Interest Coverage: TTGP.F's interest payments on its debt are not well covered by EBIT (0.4x coverage).