Art's-Way Manufacturing Balance Sheet Health
Financial Health criteria checks 2/6
Art's-Way Manufacturing has a total shareholder equity of $11.2M and total debt of $7.6M, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are $24.3M and $13.0M respectively. Art's-Way Manufacturing's EBIT is $607.7K making its interest coverage ratio 0.9. It has cash and short-term investments of $2.5K.
Key information
67.8%
Debt to equity ratio
US$7.59m
Debt
Interest coverage ratio | 0.9x |
Cash | US$2.49k |
Equity | US$11.20m |
Total liabilities | US$13.05m |
Total assets | US$24.25m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ID2's short term assets ($14.7M) exceed its short term liabilities ($9.7M).
Long Term Liabilities: ID2's short term assets ($14.7M) exceed its long term liabilities ($3.3M).
Debt to Equity History and Analysis
Debt Level: ID2's net debt to equity ratio (67.7%) is considered high.
Reducing Debt: ID2's debt to equity ratio has increased from 49.2% to 67.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if ID2 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ID2 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.