Ever Shine Tex Balance Sheet Health
Financial Health criteria checks 5/6
Ever Shine Tex has a total shareholder equity of $15.8M and total debt of $29.5M, which brings its debt-to-equity ratio to 186.7%. Its total assets and total liabilities are $48.7M and $32.9M respectively. Ever Shine Tex's EBIT is $1.5M making its interest coverage ratio 89.2. It has cash and short-term investments of $78.0K.
Key information
186.7%
Debt to equity ratio
US$29.52m
Debt
Interest coverage ratio | 89.2x |
Cash | US$78.00k |
Equity | US$15.82m |
Total liabilities | US$32.90m |
Total assets | US$48.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ESTI's short term assets ($21.8M) exceed its short term liabilities ($20.3M).
Long Term Liabilities: ESTI's short term assets ($21.8M) exceed its long term liabilities ($12.6M).
Debt to Equity History and Analysis
Debt Level: ESTI's net debt to equity ratio (186.2%) is considered high.
Reducing Debt: ESTI's debt to equity ratio has reduced from 234.1% to 186.7% over the past 5 years.
Debt Coverage: ESTI's debt is well covered by operating cash flow (20.5%).
Interest Coverage: ESTI's interest payments on its debt are well covered by EBIT (89.2x coverage).