Eastern Balance Sheet Health
Financial Health criteria checks 5/6
Eastern has a total shareholder equity of $134.5M and total debt of $43.1M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are $253.9M and $119.4M respectively. Eastern's EBIT is $15.3M making its interest coverage ratio 4.2. It has cash and short-term investments of $9.5M.
Key information
32.1%
Debt to equity ratio
US$43.14m
Debt
Interest coverage ratio | 4.2x |
Cash | US$9.48m |
Equity | US$134.51m |
Total liabilities | US$119.38m |
Total assets | US$253.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EAQ's short term assets ($115.0M) exceed its short term liabilities ($43.7M).
Long Term Liabilities: EAQ's short term assets ($115.0M) exceed its long term liabilities ($75.7M).
Debt to Equity History and Analysis
Debt Level: EAQ's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: EAQ's debt to equity ratio has increased from 28.7% to 32.1% over the past 5 years.
Debt Coverage: EAQ's debt is well covered by operating cash flow (53.8%).
Interest Coverage: EAQ's interest payments on its debt are well covered by EBIT (4.2x coverage).