Hibbett Balance Sheet Health
Financial Health criteria checks 5/6
Hibbett has a total shareholder equity of $419.0M and total debt of $45.3M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are $909.2M and $490.2M respectively. Hibbett's EBIT is $137.0M making its interest coverage ratio 25.5. It has cash and short-term investments of $21.2M.
Key information
10.8%
Debt to equity ratio
US$45.30m
Debt
Interest coverage ratio | 25.5x |
Cash | US$21.23m |
Equity | US$419.03m |
Total liabilities | US$490.20m |
Total assets | US$909.22m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HB6's short term assets ($406.7M) exceed its short term liabilities ($236.2M).
Long Term Liabilities: HB6's short term assets ($406.7M) exceed its long term liabilities ($254.0M).
Debt to Equity History and Analysis
Debt Level: HB6's net debt to equity ratio (5.7%) is considered satisfactory.
Reducing Debt: HB6's debt to equity ratio has increased from 10.4% to 10.8% over the past 5 years.
Debt Coverage: HB6's debt is well covered by operating cash flow (262.1%).
Interest Coverage: HB6's interest payments on its debt are well covered by EBIT (25.5x coverage).