Acme United Balance Sheet Health
Financial Health criteria checks 6/6
Acme United has a total shareholder equity of $104.0M and total debt of $36.9M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are $173.5M and $69.6M respectively. Acme United's EBIT is $14.7M making its interest coverage ratio 6.6. It has cash and short-term investments of $3.8M.
Key information
35.5%
Debt to equity ratio
US$36.92m
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$3.79m |
| Equity | US$103.96m |
| Total liabilities | US$69.58m |
| Total assets | US$173.54m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: UT1's short term assets ($106.1M) exceed its short term liabilities ($28.0M).
Long Term Liabilities: UT1's short term assets ($106.1M) exceed its long term liabilities ($41.6M).
Debt to Equity History and Analysis
Debt Level: UT1's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: UT1's debt to equity ratio has reduced from 78.4% to 35.5% over the past 5 years.
Debt Coverage: UT1's debt is well covered by operating cash flow (40.9%).
Interest Coverage: UT1's interest payments on its debt are well covered by EBIT (6.6x coverage).