Dixie Group Balance Sheet Health
Financial Health criteria checks 3/6
Dixie Group has a total shareholder equity of $29.3M and total debt of $82.4M, which brings its debt-to-equity ratio to 281.3%. Its total assets and total liabilities are $191.2M and $161.9M respectively. Dixie Group's EBIT is $139.0K making its interest coverage ratio 0. It has cash and short-term investments of $79.0K.
Key information
281.3%
Debt to equity ratio
US$82.39m
Debt
Interest coverage ratio | 0.02x |
Cash | US$79.00k |
Equity | US$29.29m |
Total liabilities | US$161.88m |
Total assets | US$191.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DX6's short term assets ($112.4M) exceed its short term liabilities ($39.6M).
Long Term Liabilities: DX6's short term assets ($112.4M) do not cover its long term liabilities ($122.3M).
Debt to Equity History and Analysis
Debt Level: DX6's net debt to equity ratio (281%) is considered high.
Reducing Debt: DX6's debt to equity ratio has increased from 198.4% to 281.3% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable DX6 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DX6 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 17.2% per year.