Tharisa Balance Sheet Health
Financial Health criteria checks 6/6
Tharisa has a total shareholder equity of $708.9M and total debt of $110.2M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are $1.1B and $386.2M respectively. Tharisa's EBIT is $86.4M making its interest coverage ratio 39.4. It has cash and short-term investments of $192.7M.
Key information
15.5%
Debt to equity ratio
US$110.20m
Debt
| Interest coverage ratio | 39.4x |
| Cash | US$192.70m |
| Equity | US$708.90m |
| Total liabilities | US$386.21m |
| Total assets | US$1.10b |
Recent financial health updates
Is Tharisa (JSE:THA) Using Too Much Debt?
Jan 26
Tharisa (JSE:THA) Seems To Use Debt Rather Sparingly
Jul 20Recent updates
Tharisa's (JSE:THA) Solid Profits Have Weak Fundamentals
Dec 12Some Investors May Be Worried About Tharisa's (JSE:THA) Returns On Capital
Dec 06Tharisa (JSE:THA) Could Be Struggling To Allocate Capital
Aug 12Tharisa's (JSE:THA) Shareholders Will Receive A Smaller Dividend Than Last Year
May 30Why We Like The Returns At Tharisa (JSE:THA)
Apr 28Growth Investors: Industry Analysts Just Upgraded Their Tharisa plc (JSE:THA) Revenue Forecasts By 12%
Apr 09Here's Why I Think Tharisa (JSE:THA) Might Deserve Your Attention Today
Apr 06Is Tharisa (JSE:THA) Using Too Much Debt?
Jan 26Calculating The Fair Value Of Tharisa plc (JSE:THA)
Nov 28Tharisa (JSE:THA) Seems To Use Debt Rather Sparingly
Jul 20Should You Be Adding Tharisa (JSE:THA) To Your Watchlist Today?
Jun 19Investors Shouldn't Overlook Tharisa's (JSE:THA) Impressive Returns On Capital
May 25Need To Know: Analysts Are Much More Bullish On Tharisa plc (JSE:THA) Revenues
Apr 15Do Its Financials Have Any Role To Play In Driving Tharisa plc's (JSE:THA) Stock Up Recently?
Feb 26Tharisa (JSE:THA) Is Very Good At Capital Allocation
Feb 08
Financial Position Analysis
Short Term Liabilities: THA's short term assets ($384.0M) exceed its short term liabilities ($185.5M).
Long Term Liabilities: THA's short term assets ($384.0M) exceed its long term liabilities ($200.7M).
Debt to Equity History and Analysis
Debt Level: THA has more cash than its total debt.
Reducing Debt: THA's debt to equity ratio has reduced from 21.2% to 15.5% over the past 5 years.
Debt Coverage: THA's debt is well covered by operating cash flow (124.7%).
Interest Coverage: THA's interest payments on its debt are well covered by EBIT (39.4x coverage).