Flexsteel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Flexsteel Industries has a total shareholder equity of $150.4M and total debt of $4.8M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are $274.5M and $124.1M respectively. Flexsteel Industries's EBIT is $16.8M making its interest coverage ratio 10.8. It has cash and short-term investments of $4.8M.
Key information
3.2%
Debt to equity ratio
US$4.82m
Debt
| Interest coverage ratio | 10.8x |
| Cash | US$4.76m |
| Equity | US$150.37m |
| Total liabilities | US$124.10m |
| Total assets | US$274.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FX3's short term assets ($155.4M) exceed its short term liabilities ($60.4M).
Long Term Liabilities: FX3's short term assets ($155.4M) exceed its long term liabilities ($63.7M).
Debt to Equity History and Analysis
Debt Level: FX3's net debt to equity ratio (0.04%) is considered satisfactory.
Reducing Debt: FX3's debt to equity ratio has increased from 0% to 3.2% over the past 5 years.
Debt Coverage: FX3's debt is well covered by operating cash flow (661.2%).
Interest Coverage: FX3's interest payments on its debt are well covered by EBIT (10.8x coverage).