Broadridge Financial Solutions Balance Sheet Health
Financial Health criteria checks 3/6
Broadridge Financial Solutions has a total shareholder equity of $2.1B and total debt of $3.7B, which brings its debt-to-equity ratio to 176.7%. Its total assets and total liabilities are $8.0B and $5.9B respectively. Broadridge Financial Solutions's EBIT is $1.0B making its interest coverage ratio 7. It has cash and short-term investments of $277.7M.
Key information
176.7%
Debt to equity ratio
US$3.65b
Debt
Interest coverage ratio | 7x |
Cash | US$277.70m |
Equity | US$2.07b |
Total liabilities | US$5.93b |
Total assets | US$8.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5B9's short term assets ($1.4B) exceed its short term liabilities ($971.2M).
Long Term Liabilities: 5B9's short term assets ($1.4B) do not cover its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: 5B9's net debt to equity ratio (163.2%) is considered high.
Reducing Debt: 5B9's debt to equity ratio has increased from 106.4% to 176.7% over the past 5 years.
Debt Coverage: 5B9's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 5B9's interest payments on its debt are well covered by EBIT (7x coverage).