Fortune Brands Innovations Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Brands Innovations has a total shareholder equity of $2.3B and total debt of $3.0B, which brings its debt-to-equity ratio to 133.5%. Its total assets and total liabilities are $6.8B and $4.5B respectively. Fortune Brands Innovations's EBIT is $734.7M making its interest coverage ratio 7. It has cash and short-term investments of $359.7M.
Key information
133.5%
Debt to equity ratio
US$3.04b
Debt
Interest coverage ratio | 7x |
Cash | US$359.70m |
Equity | US$2.28b |
Total liabilities | US$4.51b |
Total assets | US$6.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0IRN's short term assets ($2.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: 0IRN's short term assets ($2.2B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: 0IRN's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: 0IRN's debt to equity ratio has increased from 120% to 133.5% over the past 5 years.
Debt Coverage: 0IRN's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 0IRN's interest payments on its debt are well covered by EBIT (7x coverage).