OPENLANE Balance Sheet Health
Financial Health criteria checks 3/6
OPENLANE has a total shareholder equity of $1.9B and total debt of $1.9B, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are $4.8B and $2.9B respectively. OPENLANE's EBIT is $249.6M making its interest coverage ratio 1.6. It has cash and short-term investments of $105.2M.
Key information
98.7%
Debt to equity ratio
US$1.92b
Debt
Interest coverage ratio | 1.6x |
Cash | US$105.20m |
Equity | US$1.94b |
Total liabilities | US$2.88b |
Total assets | US$4.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: XKR's short term assets ($3.0B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: XKR's short term assets ($3.0B) exceed its long term liabilities ($302.0M).
Debt to Equity History and Analysis
Debt Level: XKR's net debt to equity ratio (93.3%) is considered high.
Reducing Debt: XKR's debt to equity ratio has reduced from 275.4% to 98.7% over the past 5 years.
Debt Coverage: XKR's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: XKR's interest payments on its debt are not well covered by EBIT (1.6x coverage).