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 $22.5M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are $144.4M and $68.4M respectively. Flanigan's Enterprises's EBIT is $6.6M making its interest coverage ratio 7.4. It has cash and short-term investments of $22.0M.
Key information
29.6%
Debt to equity ratio
US$22.50m
Debt
Interest coverage ratio | 7.4x |
Cash | US$22.00m |
Equity | US$75.96m |
Total liabilities | US$68.43m |
Total assets | US$144.39m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0DY's short term assets ($34.1M) exceed its short term liabilities ($21.9M).
Long Term Liabilities: 0DY's short term assets ($34.1M) do not cover its long term liabilities ($46.5M).
Debt to Equity History and Analysis
Debt Level: 0DY's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: 0DY's debt to equity ratio has reduced from 34.4% to 29.6% over the past 5 years.
Debt Coverage: 0DY's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 0DY's interest payments on its debt are well covered by EBIT (7.4x coverage).