Sleep Number Balance Sheet Health
Financial Health criteria checks 0/6
Sleep Number has a total shareholder equity of $-445.9M and total debt of $523.5M, which brings its debt-to-equity ratio to -117.4%. Its total assets and total liabilities are $908.5M and $1.4B respectively. Sleep Number's EBIT is $28.9M making its interest coverage ratio 0.6. It has cash and short-term investments of $2.1M.
Key information
-117.4%
Debt to equity ratio
US$523.50m
Debt
Interest coverage ratio | 0.6x |
Cash | US$2.07m |
Equity | -US$445.86m |
Total liabilities | US$1.35b |
Total assets | US$908.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SL2 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: SL2 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: SL2 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: SL2's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: SL2's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: SL2's interest payments on its debt are not well covered by EBIT (0.6x coverage).