Acme United Balance Sheet Health
Financial Health criteria checks 6/6
Acme United has a total shareholder equity of $106.3M and total debt of $32.4M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are $165.5M and $59.2M respectively. Acme United's EBIT is $14.0M making its interest coverage ratio 7.1. It has cash and short-term investments of $5.7M.
Key information
30.5%
Debt to equity ratio
US$32.42m
Debt
| Interest coverage ratio | 7.1x |
| Cash | US$5.70m |
| Equity | US$106.32m |
| Total liabilities | US$59.16m |
| Total assets | US$165.47m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UT1's short term assets ($98.8M) exceed its short term liabilities ($22.4M).
Long Term Liabilities: UT1's short term assets ($98.8M) exceed its long term liabilities ($36.8M).
Debt to Equity History and Analysis
Debt Level: UT1's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: UT1's debt to equity ratio has reduced from 75.7% to 30.5% over the past 5 years.
Debt Coverage: UT1's debt is well covered by operating cash flow (46.5%).
Interest Coverage: UT1's interest payments on its debt are well covered by EBIT (7.1x coverage).