Kelly Services Balance Sheet Health
Financial Health criteria checks 5/6
Kelly Services has a total shareholder equity of $1.3B and total debt of $229.2M, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are $2.7B and $1.4B respectively. Kelly Services's EBIT is $64.8M making its interest coverage ratio -162. It has cash and short-term investments of $32.8M.
Key information
17.9%
Debt to equity ratio
US$229.20m
Debt
| Interest coverage ratio | -162x |
| Cash | US$32.80m |
| Equity | US$1.28b |
| Total liabilities | US$1.41b |
| Total assets | US$2.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KYS's short term assets ($1.4B) exceed its short term liabilities ($841.0M).
Long Term Liabilities: KYS's short term assets ($1.4B) exceed its long term liabilities ($566.0M).
Debt to Equity History and Analysis
Debt Level: KYS's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: KYS's debt to equity ratio has increased from 1.4% to 17.9% over the past 5 years.
Debt Coverage: KYS's debt is well covered by operating cash flow (24.1%).
Interest Coverage: KYS earns more interest than it pays, so coverage of interest payments is not a concern.