Acuity Brands Balance Sheet Health
Financial Health criteria checks 5/6
Acuity Brands has a total shareholder equity of $2.4B and total debt of $496.2M, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are $3.8B and $1.4B respectively. Acuity Brands's EBIT is $551.8M making its interest coverage ratio -122.6. It has cash and short-term investments of $845.8M.
Key information
20.9%
Debt to equity ratio
US$496.20m
Debt
| Interest coverage ratio | -122.6x |
| Cash | US$845.80m |
| Equity | US$2.38b |
| Total liabilities | US$1.44b |
| Total assets | US$3.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AQ8's short term assets ($1.9B) exceed its short term liabilities ($687.9M).
Long Term Liabilities: AQ8's short term assets ($1.9B) exceed its long term liabilities ($747.9M).
Debt to Equity History and Analysis
Debt Level: AQ8 has more cash than its total debt.
Reducing Debt: AQ8's debt to equity ratio has increased from 18.6% to 20.9% over the past 5 years.
Debt Coverage: AQ8's debt is well covered by operating cash flow (124.8%).
Interest Coverage: AQ8 earns more interest than it pays, so coverage of interest payments is not a concern.