Rocky Brands Balance Sheet Health
Financial Health criteria checks 3/6
Rocky Brands has a total shareholder equity of $228.3M and total debt of $150.3M, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are $475.0M and $246.8M respectively. Rocky Brands's EBIT is $41.6M making its interest coverage ratio 2.1. It has cash and short-term investments of $3.7M.
Key information
65.8%
Debt to equity ratio
US$150.29m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$3.71m |
| Equity | US$228.25m |
| Total liabilities | US$246.77m |
| Total assets | US$475.02m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCK's short term assets ($258.1M) exceed its short term liabilities ($92.4M).
Long Term Liabilities: RCK's short term assets ($258.1M) exceed its long term liabilities ($154.4M).
Debt to Equity History and Analysis
Debt Level: RCK's net debt to equity ratio (64.2%) is considered high.
Reducing Debt: RCK's debt to equity ratio has increased from 0% to 65.8% over the past 5 years.
Debt Coverage: RCK's debt is well covered by operating cash flow (47.1%).
Interest Coverage: RCK's interest payments on its debt are not well covered by EBIT (2.1x coverage).