Griffon Balance Sheet Health
Financial Health criteria checks 3/6
Griffon has a total shareholder equity of $224.9M and total debt of $1.5B, which brings its debt-to-equity ratio to 677.5%. Its total assets and total liabilities are $2.4B and $2.1B respectively. Griffon's EBIT is $440.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $114.4M.
Key information
677.5%
Debt to equity ratio
US$1.52b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$114.44m |
| Equity | US$224.89m |
| Total liabilities | US$2.15b |
| Total assets | US$2.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GFF's short term assets ($929.5M) exceed its short term liabilities ($349.0M).
Long Term Liabilities: GFF's short term assets ($929.5M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: GFF's net debt to equity ratio (626.6%) is considered high.
Reducing Debt: GFF's debt to equity ratio has increased from 230.2% to 677.5% over the past 5 years.
Debt Coverage: GFF's debt is well covered by operating cash flow (24.8%).
Interest Coverage: GFF's interest payments on its debt are well covered by EBIT (4.3x coverage).