Patrick Industries Balance Sheet Health
Financial Health criteria checks 4/6
Patrick Industries has a total shareholder equity of $1.1B and total debt of $1.4B, which brings its debt-to-equity ratio to 123%. Its total assets and total liabilities are $3.1B and $2.0B respectively. Patrick Industries's EBIT is $275.8M making its interest coverage ratio 3.6. It has cash and short-term investments of $52.6M.
Key information
123.0%
Debt to equity ratio
US$1.39b
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$52.61m |
| Equity | US$1.13b |
| Total liabilities | US$1.99b |
| Total assets | US$3.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PK2's short term assets ($913.0M) exceed its short term liabilities ($379.2M).
Long Term Liabilities: PK2's short term assets ($913.0M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: PK2's net debt to equity ratio (118.3%) is considered high.
Reducing Debt: PK2's debt to equity ratio has reduced from 142.3% to 123% over the past 5 years.
Debt Coverage: PK2's debt is well covered by operating cash flow (24.4%).
Interest Coverage: PK2's interest payments on its debt are well covered by EBIT (3.6x coverage).