Advanced Drainage Systems Balance Sheet Health
Financial Health criteria checks 4/6
Advanced Drainage Systems has a total shareholder equity of $1.4B and total debt of $1.3B, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Advanced Drainage Systems's EBIT is $708.0M making its interest coverage ratio 10.2. It has cash and short-term investments of $613.0M.
Key information
90.2%
Debt to equity ratio
US$1.26b
Debt
| Interest coverage ratio | 10.2x |
| Cash | US$613.02m |
| Equity | US$1.39b |
| Total liabilities | US$2.14b |
| Total assets | US$3.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6DA's short term assets ($1.5B) exceed its short term liabilities ($467.3M).
Long Term Liabilities: 6DA's short term assets ($1.5B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: 6DA's net debt to equity ratio (46.3%) is considered high.
Reducing Debt: 6DA's debt to equity ratio has reduced from 132.6% to 90.2% over the past 5 years.
Debt Coverage: 6DA's debt is well covered by operating cash flow (48.4%).
Interest Coverage: 6DA's interest payments on its debt are well covered by EBIT (10.2x coverage).