Atkore Balance Sheet Health
Financial Health criteria checks 6/6
Atkore has a total shareholder equity of $1.6B and total debt of $763.8M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are $3.0B and $1.4B respectively. Atkore's EBIT is $775.6M making its interest coverage ratio 23.2. It has cash and short-term investments of $368.1M.
Key information
48.6%
Debt to equity ratio
US$763.76m
Debt
Interest coverage ratio | 23.2x |
Cash | US$368.05m |
Equity | US$1.57b |
Total liabilities | US$1.44b |
Total assets | US$3.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AOA's short term assets ($1.6B) exceed its short term liabilities ($510.4M).
Long Term Liabilities: AOA's short term assets ($1.6B) exceed its long term liabilities ($932.4M).
Debt to Equity History and Analysis
Debt Level: AOA's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: AOA's debt to equity ratio has reduced from 557.8% to 48.6% over the past 5 years.
Debt Coverage: AOA's debt is well covered by operating cash flow (85%).
Interest Coverage: AOA's interest payments on its debt are well covered by EBIT (23.2x coverage).