Hovnanian Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Hovnanian Enterprises has a total shareholder equity of $607.1M and total debt of $1.1B, which brings its debt-to-equity ratio to 184.2%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Hovnanian Enterprises's EBIT is $275.5M making its interest coverage ratio 5.6. It has cash and short-term investments of $183.1M.
Key information
184.2%
Debt to equity ratio
US$1.12b
Debt
Interest coverage ratio | 5.6x |
Cash | US$183.12m |
Equity | US$607.09m |
Total liabilities | US$1.73b |
Total assets | US$2.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO3A's short term assets ($1.9B) exceed its short term liabilities ($469.2M).
Long Term Liabilities: HO3A's short term assets ($1.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: HO3A's net debt to equity ratio (154%) is considered high.
Reducing Debt: HO3A had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HO3A's debt is well covered by operating cash flow (33.8%).
Interest Coverage: HO3A's interest payments on its debt are well covered by EBIT (5.6x coverage).