James Hardie Industries Balance Sheet Health
Financial Health criteria checks 5/6
James Hardie Industries has a total shareholder equity of $1.9B and total debt of $1.1B, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are $4.8B and $2.9B respectively. James Hardie Industries's EBIT is $894.3M making its interest coverage ratio 44.5. It has cash and short-term investments of $433.8M.
Key information
59.9%
Debt to equity ratio
US$1.14b
Debt
Interest coverage ratio | 44.5x |
Cash | US$433.80m |
Equity | US$1.90b |
Total liabilities | US$2.92b |
Total assets | US$4.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JHA's short term assets ($1.4B) exceed its short term liabilities ($749.1M).
Long Term Liabilities: JHA's short term assets ($1.4B) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: JHA's net debt to equity ratio (37%) is considered satisfactory.
Reducing Debt: JHA's debt to equity ratio has reduced from 134.8% to 59.9% over the past 5 years.
Debt Coverage: JHA's debt is well covered by operating cash flow (81.5%).
Interest Coverage: JHA's interest payments on its debt are well covered by EBIT (44.5x coverage).