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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 18:46 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Advanced Drainage Systems, Inc. is covered by 12 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Halloran | Baird |
| Stephen Kim | Barclays |
| Matthew Bouley | Barclays |