Ashtead Group Balance Sheet Health
Financial Health criteria checks 3/6
Ashtead Group has a total shareholder equity of $7.4B and total debt of $8.0B, which brings its debt-to-equity ratio to 108.3%. Its total assets and total liabilities are $22.2B and $14.8B respectively. Ashtead Group's EBIT is $2.6B making its interest coverage ratio 4.6. It has cash and short-term investments of $17.0M.
Key information
108.3%
Debt to equity ratio
US$8.01b
Debt
| Interest coverage ratio | 4.6x |
| Cash | US$17.00m |
| Equity | US$7.40b |
| Total liabilities | US$14.76b |
| Total assets | US$22.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AHTL's short term assets ($2.2B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: AHTL's short term assets ($2.2B) do not cover its long term liabilities ($12.9B).
Debt to Equity History and Analysis
Debt Level: AHTL's net debt to equity ratio (108.1%) is considered high.
Reducing Debt: AHTL's debt to equity ratio has reduced from 137.3% to 108.3% over the past 5 years.
Debt Coverage: AHTL's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: AHTL's interest payments on its debt are well covered by EBIT (4.6x coverage).