AssetMark Financial Holdings Balance Sheet Health
Financial Health criteria checks 6/6
AssetMark Financial Holdings has a total shareholder equity of $1.3B and total debt of $93.5M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are $1.6B and $353.2M respectively. AssetMark Financial Holdings's EBIT is $200.4M making its interest coverage ratio 22. It has cash and short-term investments of $235.7M.
Key information
7.4%
Debt to equity ratio
US$93.54m
Debt
Interest coverage ratio | 22x |
Cash | US$235.68m |
Equity | US$1.27b |
Total liabilities | US$353.18m |
Total assets | US$1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LA's short term assets ($291.1M) exceed its short term liabilities ($75.8M).
Long Term Liabilities: 0LA's short term assets ($291.1M) exceed its long term liabilities ($277.3M).
Debt to Equity History and Analysis
Debt Level: 0LA has more cash than its total debt.
Reducing Debt: 0LA's debt to equity ratio has reduced from 35.1% to 7.4% over the past 5 years.
Debt Coverage: 0LA's debt is well covered by operating cash flow (186.7%).
Interest Coverage: 0LA's interest payments on its debt are well covered by EBIT (22x coverage).