Installed Building Products Balance Sheet Health
Financial Health criteria checks 5/6
Installed Building Products has a total shareholder equity of $670.3M and total debt of $867.3M, which brings its debt-to-equity ratio to 129.4%. Its total assets and total liabilities are $2.0B and $1.3B respectively. Installed Building Products's EBIT is $371.2M making its interest coverage ratio 10. It has cash and short-term investments of $386.5M.
Key information
129.4%
Debt to equity ratio
US$867.30m
Debt
Interest coverage ratio | 10x |
Cash | US$386.50m |
Equity | US$670.30m |
Total liabilities | US$1.31b |
Total assets | US$1.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2IL's short term assets ($1.1B) exceed its short term liabilities ($346.4M).
Long Term Liabilities: 2IL's short term assets ($1.1B) exceed its long term liabilities ($964.6M).
Debt to Equity History and Analysis
Debt Level: 2IL's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: 2IL's debt to equity ratio has reduced from 249.2% to 129.4% over the past 5 years.
Debt Coverage: 2IL's debt is well covered by operating cash flow (39.2%).
Interest Coverage: 2IL's interest payments on its debt are well covered by EBIT (10x coverage).