Fortune Brands Innovations Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Brands Innovations has a total shareholder equity of $2.3B and total debt of $2.7B, which brings its debt-to-equity ratio to 116.4%. Its total assets and total liabilities are $6.5B and $4.2B respectively. Fortune Brands Innovations's EBIT is $680.9M making its interest coverage ratio 5.8. It has cash and short-term investments of $366.4M.
Key information
116.4%
Debt to equity ratio
US$2.67b
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$366.40m |
| Equity | US$2.29b |
| Total liabilities | US$4.23b |
| Total assets | US$6.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: F1BH34's short term assets ($2.0B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: F1BH34's short term assets ($2.0B) do not cover its long term liabilities ($3.1B).
Debt to Equity History and Analysis
Debt Level: F1BH34's net debt to equity ratio (100.4%) is considered high.
Reducing Debt: F1BH34's debt to equity ratio has increased from 107.1% to 116.4% over the past 5 years.
Debt Coverage: F1BH34's debt is well covered by operating cash flow (39.5%).
Interest Coverage: F1BH34's interest payments on its debt are well covered by EBIT (5.8x coverage).