Advanced Drainage Systems Balance Sheet Health
Financial Health criteria checks 3/6
Advanced Drainage Systems has a total shareholder equity of $1.1B and total debt of $1.3B, which brings its debt-to-equity ratio to 115.8%. Its total assets and total liabilities are $3.2B and $2.1B respectively. Advanced Drainage Systems's EBIT is $717.8M making its interest coverage ratio 8.3. It has cash and short-term investments of $560.7M.
Key information
115.8%
Debt to equity ratio
US$1.27b
Debt
Interest coverage ratio | 8.3x |
Cash | US$560.74m |
Equity | US$1.10b |
Total liabilities | US$2.06b |
Total assets | US$3.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6DA's short term assets ($1.2B) exceed its short term liabilities ($409.1M).
Long Term Liabilities: 6DA's short term assets ($1.2B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: 6DA's net debt to equity ratio (64.8%) is considered high.
Reducing Debt: 6DA's debt to equity ratio has increased from 33.5% to 115.8% over the past 5 years.
Debt Coverage: 6DA's debt is well covered by operating cash flow (58.7%).
Interest Coverage: 6DA's interest payments on its debt are well covered by EBIT (8.3x coverage).