Franklin Resources Balance Sheet Health
Financial Health criteria checks 5/6
Franklin Resources has a total shareholder equity of $13.8B and total debt of $3.4B, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are $28.1B and $14.2B respectively. Franklin Resources's EBIT is $2.0B making its interest coverage ratio 33.9. It has cash and short-term investments of $4.1B.
Key information
24.4%
Debt to equity ratio
US$3.38b
Debt
Interest coverage ratio | 33.9x |
Cash | US$4.13b |
Equity | US$13.82b |
Total liabilities | US$14.24b |
Total assets | US$28.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FRK's short term assets ($13.9B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: FRK's short term assets ($13.9B) exceed its long term liabilities ($11.0B).
Debt to Equity History and Analysis
Debt Level: FRK has more cash than its total debt.
Reducing Debt: FRK's debt to equity ratio has increased from 7% to 24.4% over the past 5 years.
Debt Coverage: FRK's debt is well covered by operating cash flow (58%).
Interest Coverage: FRK's interest payments on its debt are well covered by EBIT (33.9x coverage).