Armstrong World Industries Balance Sheet Health
Financial Health criteria checks 4/6
Armstrong World Industries has a total shareholder equity of $591.8M and total debt of $590.1M, which brings its debt-to-equity ratio to 99.7%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Armstrong World Industries's EBIT is $251.1M making its interest coverage ratio 7.9. It has cash and short-term investments of $71.9M.
Key information
99.7%
Debt to equity ratio
US$590.10m
Debt
Interest coverage ratio | 7.9x |
Cash | US$71.90m |
Equity | US$591.80m |
Total liabilities | US$1.08b |
Total assets | US$1.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 91A's short term assets ($313.0M) exceed its short term liabilities ($194.5M).
Long Term Liabilities: 91A's short term assets ($313.0M) do not cover its long term liabilities ($886.1M).
Debt to Equity History and Analysis
Debt Level: 91A's net debt to equity ratio (87.6%) is considered high.
Reducing Debt: 91A's debt to equity ratio has reduced from 365.4% to 99.7% over the past 5 years.
Debt Coverage: 91A's debt is well covered by operating cash flow (39.6%).
Interest Coverage: 91A's interest payments on its debt are well covered by EBIT (7.9x coverage).