Ashtead Group Financial Health
How is Ashtead Group's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AHT's short term assets ($2.1B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: AHT's short term assets ($2.1B) do not cover its long term liabilities ($10.2B).
Debt to Equity History and Analysis
Debt Level: AHT's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: AHT's debt to equity ratio has reduced from 134.1% to 116.5% over the past 5 years.
Debt Coverage: AHT's debt is well covered by operating cash flow (20.9%).
Interest Coverage: AHT's interest payments on its debt are well covered by EBIT (8.3x coverage).