Armstrong World Industries Balance Sheet Health
Financial Health criteria checks 4/6
Armstrong World Industries has a total shareholder equity of $669.0M and total debt of $644.5M, which brings its debt-to-equity ratio to 96.3%. Its total assets and total liabilities are $1.8B and $1.2B respectively. Armstrong World Industries's EBIT is $267.8M making its interest coverage ratio 7.9. It has cash and short-term investments of $75.1M.
Key information
96.3%
Debt to equity ratio
US$644.50m
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$75.10m |
| Equity | US$669.00m |
| Total liabilities | US$1.15b |
| Total assets | US$1.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 91A's short term assets ($351.2M) exceed its short term liabilities ($200.0M).
Long Term Liabilities: 91A's short term assets ($351.2M) do not cover its long term liabilities ($951.2M).
Debt to Equity History and Analysis
Debt Level: 91A's net debt to equity ratio (85.1%) is considered high.
Reducing Debt: 91A's debt to equity ratio has reduced from 334.4% to 96.3% over the past 5 years.
Debt Coverage: 91A's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 91A's interest payments on its debt are well covered by EBIT (7.9x coverage).