Acuity Brands Balance Sheet Health
Financial Health criteria checks 5/6
Acuity Brands has a total shareholder equity of $2.1B and total debt of $495.9M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are $3.5B and $1.4B respectively. Acuity Brands's EBIT is $515.4M making its interest coverage ratio 69.6. It has cash and short-term investments of $578.9M.
Key information
23.1%
Debt to equity ratio
US$495.90m
Debt
Interest coverage ratio | 69.6x |
Cash | US$578.90m |
Equity | US$2.15b |
Total liabilities | US$1.38b |
Total assets | US$3.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AQ8's short term assets ($1.5B) exceed its short term liabilities ($597.9M).
Long Term Liabilities: AQ8's short term assets ($1.5B) exceed its long term liabilities ($778.3M).
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 19.8% to 23.1% over the past 5 years.
Debt Coverage: AQ8's debt is well covered by operating cash flow (113.8%).
Interest Coverage: AQ8's interest payments on its debt are well covered by EBIT (69.6x coverage).