Astec Industries Balance Sheet Health
Financial Health criteria checks 5/6
Astec Industries has a total shareholder equity of $631.4M and total debt of $111.6M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are $1.1B and $435.7M respectively. Astec Industries's EBIT is $74.9M making its interest coverage ratio 8.5. It has cash and short-term investments of $58.9M.
Key information
17.7%
Debt to equity ratio
US$111.60m
Debt
| Interest coverage ratio | 8.5x |
| Cash | US$58.90m |
| Equity | US$631.40m |
| Total liabilities | US$435.70m |
| Total assets | US$1.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AI2's short term assets ($740.1M) exceed its short term liabilities ($299.2M).
Long Term Liabilities: AI2's short term assets ($740.1M) exceed its long term liabilities ($136.5M).
Debt to Equity History and Analysis
Debt Level: AI2's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: AI2's debt to equity ratio has increased from 0.1% to 17.7% over the past 5 years.
Debt Coverage: AI2's debt is well covered by operating cash flow (29.6%).
Interest Coverage: AI2's interest payments on its debt are well covered by EBIT (8.5x coverage).