Hovnanian Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Hovnanian Enterprises has a total shareholder equity of $703.4M and total debt of $1.1B, which brings its debt-to-equity ratio to 163.3%. Its total assets and total liabilities are $2.5B and $1.8B respectively. Hovnanian Enterprises's EBIT is $277.0M making its interest coverage ratio 7.6. It has cash and short-term investments of $122.0M.
Key information
163.3%
Debt to equity ratio
US$1.15b
Debt
| Interest coverage ratio | 7.6x |
| Cash | US$122.04m |
| Equity | US$703.38m |
| Total liabilities | US$1.84b |
| Total assets | US$2.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HO3A's short term assets ($2.1B) exceed its short term liabilities ($560.5M).
Long Term Liabilities: HO3A's short term assets ($2.1B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: HO3A's net debt to equity ratio (145.9%) 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 not well covered by operating cash flow (4.5%).
Interest Coverage: HO3A's interest payments on its debt are well covered by EBIT (7.6x coverage).