Armstrong World Industries Balance Sheet Health
Financial Health criteria checks 4/6
Armstrong World Industries has a total shareholder equity of $566.7M and total debt of $651.5M, which brings its debt-to-equity ratio to 115%. Its total assets and total liabilities are $1.7B and $1.1B respectively. Armstrong World Industries's EBIT is $234.3M making its interest coverage ratio 7. It has cash and short-term investments of $107.2M.
Key information
115.0%
Debt to equity ratio
US$651.50m
Debt
Interest coverage ratio | 7x |
Cash | US$107.20m |
Equity | US$566.70m |
Total liabilities | US$1.15b |
Total assets | US$1.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AWI *'s short term assets ($362.0M) exceed its short term liabilities ($176.8M).
Long Term Liabilities: AWI *'s short term assets ($362.0M) do not cover its long term liabilities ($968.8M).
Debt to Equity History and Analysis
Debt Level: AWI *'s net debt to equity ratio (96%) is considered high.
Reducing Debt: AWI *'s debt to equity ratio has reduced from 206.6% to 115% over the past 5 years.
Debt Coverage: AWI *'s debt is well covered by operating cash flow (32.7%).
Interest Coverage: AWI *'s interest payments on its debt are well covered by EBIT (7x coverage).