Allegion Balance Sheet Health
Financial Health criteria checks 4/6
Allegion has a total shareholder equity of $1.0B and total debt of $2.1B, which brings its debt-to-equity ratio to 203.1%. Its total assets and total liabilities are $4.1B and $3.1B respectively. Allegion's EBIT is $677.0M making its interest coverage ratio 7.9. It has cash and short-term investments of $292.8M.
Key information
203.1%
Debt to equity ratio
US$2.12b
Debt
| Interest coverage ratio | 7.9x |
| Cash | US$292.80m |
| Equity | US$1.04b |
| Total liabilities | US$3.08b |
| Total assets | US$4.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ALLE N's short term assets ($1.3B) exceed its short term liabilities ($668.5M).
Long Term Liabilities: ALLE N's short term assets ($1.3B) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: ALLE N's net debt to equity ratio (175.1%) is considered high.
Reducing Debt: ALLE N's debt to equity ratio has reduced from 327.3% to 203.1% over the past 5 years.
Debt Coverage: ALLE N's debt is well covered by operating cash flow (23.9%).
Interest Coverage: ALLE N's interest payments on its debt are well covered by EBIT (7.9x coverage).