Clearfield Balance Sheet Health
Financial Health criteria checks 5/6
Clearfield has a total shareholder equity of $300.1M and total debt of $5.7M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are $335.6M and $35.5M respectively. Clearfield's EBIT is $11.2M making its interest coverage ratio -1.8. It has cash and short-term investments of $162.8M.
Key information
1.9%
Debt to equity ratio
US$5.75m
Debt
Interest coverage ratio | -1.8x |
Cash | US$162.84m |
Equity | US$300.10m |
Total liabilities | US$35.53m |
Total assets | US$335.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AP7's short term assets ($276.6M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: AP7's short term assets ($276.6M) exceed its long term liabilities ($10.6M).
Debt to Equity History and Analysis
Debt Level: AP7 has more cash than its total debt.
Reducing Debt: AP7's debt to equity ratio has increased from 0% to 1.9% over the past 5 years.
Debt Coverage: AP7's debt is well covered by operating cash flow (465.3%).
Interest Coverage: AP7 earns more interest than it pays, so coverage of interest payments is not a concern.