Fortune Brands Innovations Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Brands Innovations has a total shareholder equity of $2.4B and total debt of $2.8B, which brings its debt-to-equity ratio to 115.9%. Its total assets and total liabilities are $6.6B and $4.2B respectively. Fortune Brands Innovations's EBIT is $768.0M making its interest coverage ratio 7.2. It has cash and short-term investments of $344.8M.
Key information
115.9%
Debt to equity ratio
US$2.78b
Debt
| Interest coverage ratio | 7.2x |
| Cash | US$344.80m |
| Equity | US$2.40b |
| Total liabilities | US$4.20b |
| Total assets | US$6.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2FB's short term assets ($2.0B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: 2FB's short term assets ($2.0B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: 2FB's net debt to equity ratio (101.5%) is considered high.
Reducing Debt: 2FB's debt to equity ratio has increased from 100.6% to 115.9% over the past 5 years.
Debt Coverage: 2FB's debt is well covered by operating cash flow (22.2%).
Interest Coverage: 2FB's interest payments on its debt are well covered by EBIT (7.2x coverage).