OPENLANE Balance Sheet Health
Financial Health criteria checks 3/6
OPENLANE has a total shareholder equity of $1.9B and total debt of $1.8B, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are $4.6B and $2.7B respectively. OPENLANE's EBIT is $255.8M making its interest coverage ratio 1.7. It has cash and short-term investments of $132.1M.
Key information
92.6%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$132.10m |
| Equity | US$1.94b |
| Total liabilities | US$2.69b |
| Total assets | US$4.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XKR's short term assets ($2.8B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: XKR's short term assets ($2.8B) exceed its long term liabilities ($100.9M).
Debt to Equity History and Analysis
Debt Level: XKR's net debt to equity ratio (85.8%) is considered high.
Reducing Debt: XKR's debt to equity ratio has reduced from 202.9% to 92.6% over the past 5 years.
Debt Coverage: XKR's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: XKR's interest payments on its debt are not well covered by EBIT (1.7x coverage).