James Hardie Industries Balance Sheet Health
Financial Health criteria checks 5/6
James Hardie Industries has a total shareholder equity of $1.9B and total debt of $1.1B, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are $4.9B and $3.0B respectively. James Hardie Industries's EBIT is $940.7M making its interest coverage ratio 84. It has cash and short-term investments of $360.1M.
Key information
57.7%
Debt to equity ratio
US$1.12b
Debt
| Interest coverage ratio | 84x |
| Cash | US$360.10m |
| Equity | US$1.94b |
| Total liabilities | US$2.99b |
| Total assets | US$4.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JHX's short term assets ($1.4B) exceed its short term liabilities ($745.3M).
Long Term Liabilities: JHX's short term assets ($1.4B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: JHX's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: JHX's debt to equity ratio has reduced from 137.8% to 57.7% over the past 5 years.
Debt Coverage: JHX's debt is well covered by operating cash flow (75.8%).
Interest Coverage: JHX's interest payments on its debt are well covered by EBIT (84x coverage).