Ashtead Group Balance Sheet Health
Financial Health criteria checks 3/6
Ashtead Group has a total shareholder equity of $6.9B and total debt of $8.5B, which brings its debt-to-equity ratio to 124%. Its total assets and total liabilities are $21.8B and $14.9B respectively. Ashtead Group's EBIT is $2.6B making its interest coverage ratio 5.2. It has cash and short-term investments of $22.4M.
Key information
124.0%
Debt to equity ratio
US$8.55b
Debt
Interest coverage ratio | 5.2x |
Cash | US$22.40m |
Equity | US$6.89b |
Total liabilities | US$14.89b |
Total assets | US$21.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LCA's short term assets ($2.3B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: 0LCA's short term assets ($2.3B) do not cover its long term liabilities ($13.2B).
Debt to Equity History and Analysis
Debt Level: 0LCA's net debt to equity ratio (123.7%) is considered high.
Reducing Debt: 0LCA's debt to equity ratio has reduced from 134.1% to 124% over the past 5 years.
Debt Coverage: 0LCA's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 0LCA's interest payments on its debt are well covered by EBIT (5.2x coverage).