Franklin Electric Balance Sheet Health
Financial Health criteria checks 6/6
Franklin Electric has a total shareholder equity of $1.2B and total debt of $111.8M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are $1.8B and $549.0M respectively. Franklin Electric's EBIT is $259.5M making its interest coverage ratio 25.7. It has cash and short-term investments of $65.3M.
Key information
9.1%
Debt to equity ratio
US$111.82m
Debt
Interest coverage ratio | 25.7x |
Cash | US$65.31m |
Equity | US$1.22b |
Total liabilities | US$549.02m |
Total assets | US$1.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FE4's short term assets ($901.4M) exceed its short term liabilities ($316.2M).
Long Term Liabilities: FE4's short term assets ($901.4M) exceed its long term liabilities ($232.8M).
Debt to Equity History and Analysis
Debt Level: FE4's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: FE4's debt to equity ratio has reduced from 30.6% to 9.1% over the past 5 years.
Debt Coverage: FE4's debt is well covered by operating cash flow (291.9%).
Interest Coverage: FE4's interest payments on its debt are well covered by EBIT (25.7x coverage).