Flanigan's Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Flanigan's Enterprises has a total shareholder equity of $76.0M and total debt of $22.2M, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are $143.1M and $67.1M respectively. Flanigan's Enterprises's EBIT is $6.2M making its interest coverage ratio 7.2. It has cash and short-term investments of $22.1M.
Key information
29.2%
Debt to equity ratio
US$22.22m
Debt
| Interest coverage ratio | 7.2x |
| Cash | US$22.12m |
| Equity | US$76.02m |
| Total liabilities | US$67.07m |
| Total assets | US$143.09m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0DY's short term assets ($33.3M) exceed its short term liabilities ($21.3M).
Long Term Liabilities: 0DY's short term assets ($33.3M) do not cover its long term liabilities ($45.8M).
Debt to Equity History and Analysis
Debt Level: 0DY's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 0DY's debt to equity ratio has reduced from 31.8% to 29.2% over the past 5 years.
Debt Coverage: 0DY's debt is well covered by operating cash flow (29.3%).
Interest Coverage: 0DY's interest payments on its debt are well covered by EBIT (7.2x coverage).