Quanex Building Products Balance Sheet Health
Financial Health criteria checks 6/6
Quanex Building Products has a total shareholder equity of $594.1M and total debt of $-911.0K, which brings its debt-to-equity ratio to -0.2%. Its total assets and total liabilities are $872.5M and $278.3M respectively. Quanex Building Products's EBIT is $86.3M making its interest coverage ratio 24.3. It has cash and short-term investments of $94.0M.
Key information
-0.2%
Debt to equity ratio
-US$911.00k
Debt
| Interest coverage ratio | 24.3x |
| Cash | US$93.97m |
| Equity | US$594.14m |
| Total liabilities | US$278.31m |
| Total assets | US$872.45m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4Q2's short term assets ($301.4M) exceed its short term liabilities ($127.9M).
Long Term Liabilities: 4Q2's short term assets ($301.4M) exceed its long term liabilities ($150.4M).
Debt to Equity History and Analysis
Debt Level: 4Q2 is debt free.
Reducing Debt: 4Q2 has no debt compared to 5 years ago when its debt to equity ratio was 48.8%.
Debt Coverage: 4Q2 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 4Q2 has no debt, therefore coverage of interest payments is not a concern.