Standard Motor Products Balance Sheet Health
Financial Health criteria checks 5/6
Standard Motor Products has a total shareholder equity of $655.1M and total debt of $214.9M, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are $1.4B and $696.4M respectively. Standard Motor Products's EBIT is $135.5M making its interest coverage ratio 12.3. It has cash and short-term investments of $27.1M.
Key information
32.8%
Debt to equity ratio
US$214.90m
Debt
Interest coverage ratio | 12.3x |
Cash | US$27.11m |
Equity | US$655.12m |
Total liabilities | US$696.44m |
Total assets | US$1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SRU's short term assets ($796.4M) exceed its short term liabilities ($299.2M).
Long Term Liabilities: SRU's short term assets ($796.4M) exceed its long term liabilities ($397.2M).
Debt to Equity History and Analysis
Debt Level: SRU's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: SRU's debt to equity ratio has increased from 17.7% to 32.8% over the past 5 years.
Debt Coverage: SRU's debt is well covered by operating cash flow (55.4%).
Interest Coverage: SRU's interest payments on its debt are well covered by EBIT (12.3x coverage).