HNI Balance Sheet Health
Financial Health criteria checks 6/6
HNI has a total shareholder equity of $846.9M and total debt of $345.4M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are $1.9B and $1.1B respectively. HNI's EBIT is $222.5M making its interest coverage ratio 7.4. It has cash and short-term investments of $40.2M.
Key information
40.8%
Debt to equity ratio
US$345.40m
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$40.20m |
| Equity | US$846.90m |
| Total liabilities | US$1.07b |
| Total assets | US$1.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO9's short term assets ($561.7M) exceed its short term liabilities ($514.3M).
Long Term Liabilities: HO9's short term assets ($561.7M) exceed its long term liabilities ($552.2M).
Debt to Equity History and Analysis
Debt Level: HO9's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: HO9's debt to equity ratio has reduced from 43% to 40.8% over the past 5 years.
Debt Coverage: HO9's debt is well covered by operating cash flow (81.2%).
Interest Coverage: HO9's interest payments on its debt are well covered by EBIT (7.4x coverage).