MillerKnoll Balance Sheet Health
Financial Health criteria checks 2/6
MillerKnoll has a total shareholder equity of $1.4B and total debt of $1.4B, which brings its debt-to-equity ratio to 97.4%. Its total assets and total liabilities are $4.0B and $2.6B respectively. MillerKnoll's EBIT is $232.6M making its interest coverage ratio 5.8. It has cash and short-term investments of $209.7M.
Key information
97.4%
Debt to equity ratio
US$1.37b
Debt
| Interest coverage ratio | 5.8x |
| Cash | US$209.70m |
| Equity | US$1.41b |
| Total liabilities | US$2.61b |
| Total assets | US$4.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHR's short term assets ($1.1B) exceed its short term liabilities ($675.7M).
Long Term Liabilities: MHR's short term assets ($1.1B) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: MHR's net debt to equity ratio (82.5%) is considered high.
Reducing Debt: MHR's debt to equity ratio has increased from 39% to 97.4% over the past 5 years.
Debt Coverage: MHR's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: MHR's interest payments on its debt are well covered by EBIT (5.8x coverage).