H&R Block Balance Sheet Health
Financial Health criteria checks 2/6
H&R Block has a total shareholder equity of $-368.1M and total debt of $1.5B, which brings its debt-to-equity ratio to -405.3%. Its total assets and total liabilities are $2.5B and $2.9B respectively. H&R Block's EBIT is $783.3M making its interest coverage ratio 9.9. It has cash and short-term investments of $415.9M.
Key information
-405.3%
Debt to equity ratio
US$1.49b
Debt
| Interest coverage ratio | 9.9x |
| Cash | US$415.86m |
| Equity | -US$368.06m |
| Total liabilities | US$2.92b |
| Total assets | US$2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRB has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: HRB has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: HRB has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: HRB's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: HRB's debt is well covered by operating cash flow (48.8%).
Interest Coverage: HRB's interest payments on its debt are well covered by EBIT (9.9x coverage).