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Torrington Water Balance Sheet Health
Financial Health criteria checks 4/6
Key information
53.4%
Debt to equity ratio
US$12.67m
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$1.58m |
| Equity | US$23.73m |
| Total liabilities | US$41.99m |
| Total assets | US$65.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TORW's short term assets ($4.0M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: TORW's short term assets ($4.0M) do not cover its long term liabilities ($40.6M).
Debt to Equity History and Analysis
Debt Level: TORW's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: TORW's debt to equity ratio has reduced from 59.5% to 53.4% over the past 5 years.
Debt Coverage: TORW's debt is well covered by operating cash flow (23%).
Interest Coverage: TORW's interest payments on its debt are well covered by EBIT (4.1x coverage).