Stride Balance Sheet Health
Financial Health criteria checks 5/6
Stride has a total shareholder equity of $1.1B and total debt of $414.3M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are $1.9B and $789.0M respectively. Stride's EBIT is $233.1M making its interest coverage ratio 27.2. It has cash and short-term investments of $551.5M.
Key information
37.6%
Debt to equity ratio
US$414.27m
Debt
Interest coverage ratio | 27.2x |
Cash | US$551.48m |
Equity | US$1.10b |
Total liabilities | US$789.01m |
Total assets | US$1.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: L2RN34's short term assets ($1.2B) exceed its short term liabilities ($282.0M).
Long Term Liabilities: L2RN34's short term assets ($1.2B) exceed its long term liabilities ($507.0M).
Debt to Equity History and Analysis
Debt Level: L2RN34 has more cash than its total debt.
Reducing Debt: L2RN34's debt to equity ratio has increased from 0% to 37.6% over the past 5 years.
Debt Coverage: L2RN34's debt is well covered by operating cash flow (49.1%).
Interest Coverage: L2RN34's interest payments on its debt are well covered by EBIT (27.2x coverage).