Atkore Balance Sheet Health
Financial Health criteria checks 6/6
Atkore has a total shareholder equity of $1.5B and total debt of $764.8M, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are $3.0B and $1.5B respectively. Atkore's EBIT is $623.8M making its interest coverage ratio 17.5. It has cash and short-term investments of $351.4M.
Key information
49.7%
Debt to equity ratio
US$764.84m
Debt
| Interest coverage ratio | 17.5x |
| Cash | US$351.39m |
| Equity | US$1.54b |
| Total liabilities | US$1.48b |
| Total assets | US$3.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AOA's short term assets ($1.5B) exceed its short term liabilities ($510.9M).
Long Term Liabilities: AOA's short term assets ($1.5B) exceed its long term liabilities ($970.6M).
Debt to Equity History and Analysis
Debt Level: AOA's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: AOA's debt to equity ratio has reduced from 362.9% to 49.7% over the past 5 years.
Debt Coverage: AOA's debt is well covered by operating cash flow (71.8%).
Interest Coverage: AOA's interest payments on its debt are well covered by EBIT (17.5x coverage).