James Hardie Industries Balance Sheet Health
Financial Health criteria checks 4/6
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 60.4%. Its total assets and total liabilities are $4.9B and $3.1B respectively. James Hardie Industries's EBIT is $939.2M making its interest coverage ratio 61.4. It has cash and short-term investments of $365.0M.
Key information
60.4%
Debt to equity ratio
US$1.12b
Debt
Interest coverage ratio | 61.4x |
Cash | US$365.00m |
Equity | US$1.86b |
Total liabilities | US$3.05b |
Total assets | US$4.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JHA0's short term assets ($1.4B) exceed its short term liabilities ($797.7M).
Long Term Liabilities: JHA0's short term assets ($1.4B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: JHA0's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: JHA0's debt to equity ratio has reduced from 141.7% to 60.4% over the past 5 years.
Debt Coverage: JHA0's debt is well covered by operating cash flow (81.4%).
Interest Coverage: JHA0's interest payments on its debt are well covered by EBIT (61.4x coverage).