Element Fleet Management Balance Sheet Health
Financial Health criteria checks 2/6
Element Fleet Management has a total shareholder equity of $2.8B and total debt of $8.5B, which brings its debt-to-equity ratio to 307.8%. Its total assets and total liabilities are $12.6B and $9.9B respectively.
Key information
307.8%
Debt to equity ratio
US$8.54b
Debt
| Interest coverage ratio | n/a |
| Cash | US$135.93m |
| Equity | US$2.77b |
| Total liabilities | US$9.86b |
| Total assets | US$12.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 61F's short term assets ($8.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: 61F's short term assets ($8.2B) do not cover its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: 61F's net debt to equity ratio (302.9%) is considered high.
Reducing Debt: 61F's debt to equity ratio has reduced from 324% to 307.8% over the past 5 years.
Debt Coverage: 61F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 61F's interest payments on its debt are well covered by EBIT.