Fortune Brands Innovations Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Brands Innovations has a total shareholder equity of $2.3B and total debt of $2.9B, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are $6.7B and $4.3B respectively. Fortune Brands Innovations's EBIT is $755.8M making its interest coverage ratio 6.9. It has cash and short-term investments of $352.6M.
Key information
124.5%
Debt to equity ratio
US$2.90b
Debt
| Interest coverage ratio | 6.9x |
| Cash | US$352.60m |
| Equity | US$2.33b |
| Total liabilities | US$4.34b |
| Total assets | US$6.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FBIN *'s short term assets ($2.1B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: FBIN *'s short term assets ($2.1B) do not cover its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: FBIN *'s net debt to equity ratio (109.3%) is considered high.
Reducing Debt: FBIN *'s debt to equity ratio has increased from 103.1% to 124.5% over the past 5 years.
Debt Coverage: FBIN *'s debt is well covered by operating cash flow (25.6%).
Interest Coverage: FBIN *'s interest payments on its debt are well covered by EBIT (6.9x coverage).