Eastern Balance Sheet Health
Financial Health criteria checks 6/6
Eastern has a total shareholder equity of $119.2M and total debt of $44.7M, which brings its debt-to-equity ratio to 37.5%. Its total assets and total liabilities are $244.2M and $125.0M respectively. Eastern's EBIT is $19.8M making its interest coverage ratio 5.7. It has cash and short-term investments of $9.7M.
Key information
37.5%
Debt to equity ratio
US$44.72m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$9.71m |
| Equity | US$119.24m |
| Total liabilities | US$124.98m |
| Total assets | US$244.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EAQ's short term assets ($126.1M) exceed its short term liabilities ($47.8M).
Long Term Liabilities: EAQ's short term assets ($126.1M) exceed its long term liabilities ($77.2M).
Debt to Equity History and Analysis
Debt Level: EAQ's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: EAQ's debt to equity ratio has reduced from 96.6% to 37.5% over the past 5 years.
Debt Coverage: EAQ's debt is well covered by operating cash flow (35.8%).
Interest Coverage: EAQ's interest payments on its debt are well covered by EBIT (5.7x coverage).