Ashtead Group Balance Sheet Health
Financial Health criteria checks 4/6
Ashtead Group has a total shareholder equity of $7.7B and total debt of $7.8B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are $21.9B and $14.3B respectively. Ashtead Group's EBIT is $2.6B making its interest coverage ratio 4.5. It has cash and short-term investments of $25.8M.
Key information
102.5%
Debt to equity ratio
US$7.85b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$25.80m |
| Equity | US$7.66b |
| Total liabilities | US$14.27b |
| Total assets | US$21.93b |
Recent financial health updates
Does Ashtead Group (LON:AHT) Have A Healthy Balance Sheet?
Feb 10
Ashtead Group (LON:AHT) Has A Somewhat Strained Balance Sheet
Nov 04Ashtead Group (LON:AHT) Has A Somewhat Strained Balance Sheet
Jul 04We Think Ashtead Group (LON:AHT) Is Taking Some Risk With Its Debt
Mar 18Recent updates
What Does Ashtead Group plc's (LON:AHT) Share Price Indicate?
Feb 25Does Ashtead Group (LON:AHT) Have A Healthy Balance Sheet?
Feb 10What Ashtead Group plc's (LON:AHT) P/E Is Not Telling You
Jan 24Are Ashtead Group plc (LON:AHT) Investors Paying Above The Intrinsic Value?
Jan 09Ashtead Group's (LON:AHT) Returns Have Hit A Wall
Nov 17Ashtead Group (LON:AHT) Has A Somewhat Strained Balance Sheet
Nov 04Some Confidence Is Lacking In Ashtead Group plc's (LON:AHT) P/E
Oct 21A Look At The Fair Value Of Ashtead Group plc (LON:AHT)
Oct 08Ashtead Group plc (LON:AHT) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Sep 06Is It Time To Consider Buying Ashtead Group plc (LON:AHT)?
Aug 30Ashtead Group's (LON:AHT) Returns Have Hit A Wall
Aug 17Ashtead Group (LON:AHT) Has A Somewhat Strained Balance Sheet
Jul 04Analyst Estimates: Here's What Brokers Think Of Ashtead Group plc (LON:AHT) After Its Annual Report
Jun 21Estimating The Intrinsic Value Of Ashtead Group plc (LON:AHT)
Jun 02The Returns At Ashtead Group (LON:AHT) Aren't Growing
May 05What Ashtead Group plc's (LON:AHT) P/E Is Not Telling You
Apr 23We Think Ashtead Group (LON:AHT) Is Taking Some Risk With Its Debt
Mar 18Financial Position Analysis
Short Term Liabilities: AHT's short term assets ($2.2B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: AHT's short term assets ($2.2B) do not cover its long term liabilities ($12.7B).
Debt to Equity History and Analysis
Debt Level: AHT's net debt to equity ratio (102.1%) is considered high.
Reducing Debt: AHT's debt to equity ratio has reduced from 151% to 102.5% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (25.9%).
Interest Coverage: AHT's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/13 18:39 |
| End of Day Share Price | 2025/03/13 00:00 |
| Earnings | 2025/01/31 |
| Annual Earnings | 2024/04/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ashtead Group plc is covered by 46 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Geoff Allum | Arden Partners Plc. |
| Jane Sparrow | Barclays |
| James Rosenthal | Barclays |