Altra Industrial Motion Balance Sheet Health
Financial Health criteria checks 2/6
Altra Industrial Motion has a total shareholder equity of $2.0B and total debt of $1.4B, which brings its debt-to-equity ratio to 69.9%. Its total assets and total liabilities are $4.1B and $2.1B respectively. Altra Industrial Motion's EBIT is $250.9M making its interest coverage ratio 2.8. It has cash and short-term investments of $183.7M.
Key information
69.9%
Debt to equity ratio
US$1.40b
Debt
Interest coverage ratio | 2.8x |
Cash | US$183.70m |
Equity | US$2.01b |
Total liabilities | US$2.12b |
Total assets | US$4.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AIMC *'s short term assets ($1.2B) exceed its short term liabilities ($412.1M).
Long Term Liabilities: AIMC *'s short term assets ($1.2B) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: AIMC *'s net debt to equity ratio (60.8%) is considered high.
Reducing Debt: AIMC *'s debt to equity ratio has reduced from 92.6% to 69.9% over the past 5 years.
Debt Coverage: AIMC *'s debt is not well covered by operating cash flow (11.1%).
Interest Coverage: AIMC *'s interest payments on its debt are not well covered by EBIT (2.8x coverage).