EVI Industries Balance Sheet Health
Financial Health criteria checks 6/6
EVI Industries has a total shareholder equity of $131.6M and total debt of $30.9M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $247.0M and $115.4M respectively. EVI Industries's EBIT is $14.1M making its interest coverage ratio 4.6. It has cash and short-term investments of $4.3M.
Key information
23.5%
Debt to equity ratio
US$30.89m
Debt
Interest coverage ratio | 4.6x |
Cash | US$4.26m |
Equity | US$131.58m |
Total liabilities | US$115.44m |
Total assets | US$247.02m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2YE's short term assets ($116.9M) exceed its short term liabilities ($72.2M).
Long Term Liabilities: 2YE's short term assets ($116.9M) exceed its long term liabilities ($43.3M).
Debt to Equity History and Analysis
Debt Level: 2YE's net debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: 2YE's debt to equity ratio has reduced from 51.7% to 23.5% over the past 5 years.
Debt Coverage: 2YE's debt is well covered by operating cash flow (54%).
Interest Coverage: 2YE's interest payments on its debt are well covered by EBIT (4.6x coverage).