HEICO Balance Sheet Health
Financial Health criteria checks 3/6
HEICO has a total shareholder equity of $3.9B and total debt of $2.2B, which brings its debt-to-equity ratio to 56.9%. Its total assets and total liabilities are $7.4B and $3.5B respectively. HEICO's EBIT is $810.1M making its interest coverage ratio 5.1. It has cash and short-term investments of $202.9M.
Key information
56.9%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 5.1x |
| Cash | US$202.94m |
| Equity | US$3.93b |
| Total liabilities | US$3.50b |
| Total assets | US$7.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HC1A's short term assets ($2.0B) exceed its short term liabilities ($614.7M).
Long Term Liabilities: HC1A's short term assets ($2.0B) do not cover its long term liabilities ($2.9B).
Debt to Equity History and Analysis
Debt Level: HC1A's net debt to equity ratio (51.7%) is considered high.
Reducing Debt: HC1A's debt to equity ratio has increased from 35.1% to 56.9% over the past 5 years.
Debt Coverage: HC1A's debt is well covered by operating cash flow (27.5%).
Interest Coverage: HC1A's interest payments on its debt are well covered by EBIT (5.1x coverage).