Miller Industries Balance Sheet Health
Financial Health criteria checks 5/6
Miller Industries has a total shareholder equity of $395.2M and total debt of $65.0M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are $755.3M and $360.2M respectively. Miller Industries's EBIT is $92.9M making its interest coverage ratio 18.6. It has cash and short-term investments of $40.6M.
Key information
16.4%
Debt to equity ratio
US$65.00m
Debt
| Interest coverage ratio | 18.6x |
| Cash | US$40.60m |
| Equity | US$395.19m |
| Total liabilities | US$360.16m |
| Total assets | US$755.35m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5OJ's short term assets ($615.5M) exceed its short term liabilities ($290.8M).
Long Term Liabilities: 5OJ's short term assets ($615.5M) exceed its long term liabilities ($69.4M).
Debt to Equity History and Analysis
Debt Level: 5OJ's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 5OJ's debt to equity ratio has increased from 4.2% to 16.4% over the past 5 years.
Debt Coverage: 5OJ's debt is well covered by operating cash flow (54.4%).
Interest Coverage: 5OJ's interest payments on its debt are well covered by EBIT (18.6x coverage).