Tingo Group Balance Sheet Health
Financial Health criteria checks 6/6
Tingo Group has a total shareholder equity of $1.2B and total debt of $210.6M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are $1.9B and $774.8M respectively. Tingo Group's EBIT is $578.1M making its interest coverage ratio 16.5. It has cash and short-term investments of $53.7M.
Key information
18.2%
Debt to equity ratio
US$210.65m
Debt
| Interest coverage ratio | 16.5x |
| Cash | US$53.69m |
| Equity | US$1.15b |
| Total liabilities | US$774.80m |
| Total assets | US$1.93b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TIOG's short term assets ($622.1M) exceed its short term liabilities ($457.8M).
Long Term Liabilities: TIOG's short term assets ($622.1M) exceed its long term liabilities ($317.0M).
Debt to Equity History and Analysis
Debt Level: TIOG's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: TIOG's debt to equity ratio has reduced from 125.6% to 18.2% over the past 5 years.
Debt Coverage: TIOG's debt is well covered by operating cash flow (181.3%).
Interest Coverage: TIOG's interest payments on its debt are well covered by EBIT (16.5x coverage).