H&E Equipment Services Balance Sheet Health
Financial Health criteria checks 4/6
H&E Equipment Services has a total shareholder equity of $550.7M and total debt of $1.5B, which brings its debt-to-equity ratio to 272.4%. Its total assets and total liabilities are $2.8B and $2.2B respectively. H&E Equipment Services's EBIT is $284.0M making its interest coverage ratio 4.3. It has cash and short-term investments of $9.1M.
Key information
272.4%
Debt to equity ratio
US$1.50b
Debt
Interest coverage ratio | 4.3x |
Cash | US$9.08m |
Equity | US$550.68m |
Total liabilities | US$2.21b |
Total assets | US$2.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: H6P's short term assets ($372.8M) exceed its short term liabilities ($181.7M).
Long Term Liabilities: H6P's short term assets ($372.8M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: H6P's net debt to equity ratio (270.7%) is considered high.
Reducing Debt: H6P's debt to equity ratio has reduced from 472.1% to 272.4% over the past 5 years.
Debt Coverage: H6P's debt is well covered by operating cash flow (29.7%).
Interest Coverage: H6P's interest payments on its debt are well covered by EBIT (4.3x coverage).