Flowserve Balance Sheet Health
Financial Health criteria checks 6/6
Flowserve has a total shareholder equity of $2.1B and total debt of $1.2B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are $5.3B and $3.2B respectively. Flowserve's EBIT is $494.3M making its interest coverage ratio 8.2. It has cash and short-term investments of $611.7M.
Key information
57.8%
Debt to equity ratio
US$1.22b
Debt
| Interest coverage ratio | 8.2x |
| Cash | US$611.75m |
| Equity | US$2.11b |
| Total liabilities | US$3.17b |
| Total assets | US$5.27b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IQE's short term assets ($2.9B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: 0IQE's short term assets ($2.9B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: 0IQE's net debt to equity ratio (28.7%) is considered satisfactory.
Reducing Debt: 0IQE's debt to equity ratio has reduced from 76.2% to 57.8% over the past 5 years.
Debt Coverage: 0IQE's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 0IQE's interest payments on its debt are well covered by EBIT (8.2x coverage).