OPENLANE Balance Sheet Health
Financial Health criteria checks 3/6
OPENLANE has a total shareholder equity of $2.1B and total debt of $2.1B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are $5.1B and $3.0B respectively. OPENLANE's EBIT is $191.5M making its interest coverage ratio 1.5. It has cash and short-term investments of $219.6M.
Key information
96.8%
Debt to equity ratio
US$2.07b
Debt
| Interest coverage ratio | 1.5x |
| Cash | US$219.60m |
| Equity | US$2.14b |
| Total liabilities | US$3.01b |
| Total assets | US$5.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KAR1 *'s short term assets ($3.1B) exceed its short term liabilities ($2.7B).
Long Term Liabilities: KAR1 *'s short term assets ($3.1B) exceed its long term liabilities ($343.1M).
Debt to Equity History and Analysis
Debt Level: KAR1 *'s net debt to equity ratio (86.5%) is considered high.
Reducing Debt: KAR1 *'s debt to equity ratio has reduced from 265.5% to 96.8% over the past 5 years.
Debt Coverage: KAR1 *'s operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KAR1 *'s interest payments on its debt are not well covered by EBIT (1.5x coverage).