Construction Partners Balance Sheet Health
Financial Health criteria checks 3/6
Construction Partners has a total shareholder equity of $521.2M and total debt of $442.1M, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $1.3B and $755.0M respectively. Construction Partners's EBIT is $93.7M making its interest coverage ratio 3.7. It has cash and short-term investments of $68.7M.
Key information
84.8%
Debt to equity ratio
US$442.06m
Debt
| Interest coverage ratio | 3.7x |
| Cash | US$68.74m |
| Equity | US$521.16m |
| Total liabilities | US$754.99m |
| Total assets | US$1.28b |
Recent financial health updates
These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Apr 09
Construction Partners (NASDAQ:ROAD) Has A Pretty Healthy Balance Sheet
Nov 17We Think Construction Partners (NASDAQ:ROAD) Is Taking Some Risk With Its Debt
Jul 26These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Extensively
Apr 25Here's Why Construction Partners (NASDAQ:ROAD) Has A Meaningful Debt Burden
Nov 20Does Construction Partners (NASDAQ:ROAD) Have A Healthy Balance Sheet?
Apr 24Recent updates
These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Apr 09Why We Think Construction Partners, Inc.'s (NASDAQ:ROAD) CEO Compensation Is Not Excessive At All
Mar 14Additional Considerations Required While Assessing Construction Partners' (NASDAQ:ROAD) Strong Earnings
Feb 16Construction Partners, Inc. (NASDAQ:ROAD) Not Flying Under The Radar
Jan 23Calculating The Intrinsic Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Jan 03Construction Partners (NASDAQ:ROAD) Has A Pretty Healthy Balance Sheet
Nov 17Investors Could Be Concerned With Construction Partners' (NASDAQ:ROAD) Returns On Capital
Oct 30Is Now The Time To Look At Buying Construction Partners, Inc. (NASDAQ:ROAD)?
Sep 20We Think Construction Partners (NASDAQ:ROAD) Is Taking Some Risk With Its Debt
Jul 26Calculating The Fair Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Jul 05Construction Partners (NASDAQ:ROAD) Is Reinvesting At Lower Rates Of Return
Jun 07Should You Investigate Construction Partners, Inc. (NASDAQ:ROAD) At US$29.67?
May 24These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Extensively
Apr 25A Look At The Intrinsic Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Feb 16Some Investors May Be Worried About Construction Partners' (NASDAQ:ROAD) Returns On Capital
Feb 01Is It Time To Consider Buying Construction Partners, Inc. (NASDAQ:ROAD)?
Jan 05Here's Why Construction Partners (NASDAQ:ROAD) Has A Meaningful Debt Burden
Nov 20Estimating The Intrinsic Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Nov 03Construction Partners resumes work following passage of Hurricane Ian
Oct 05Is Now An Opportune Moment To Examine Construction Partners, Inc. (NASDAQ:ROAD)?
Oct 04Some Investors May Be Worried About Construction Partners' (NASDAQ:ROAD) Returns On Capital
Sep 15Construction Partners: Still Rolling And Paving The Road To Profits
Aug 22Construction Partners Q3 2022 Earnings Preview
Aug 04A Look At The Intrinsic Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Jul 30At US$19.62, Is Construction Partners, Inc. (NASDAQ:ROAD) Worth Looking At Closely?
Jun 22Construction Partners (NASDAQ:ROAD) Will Be Hoping To Turn Its Returns On Capital Around
Jun 08Does Construction Partners (NASDAQ:ROAD) Have A Healthy Balance Sheet?
Apr 24At US$25.56, Is Construction Partners, Inc. (NASDAQ:ROAD) Worth Looking At Closely?
Mar 19Construction Partners (NASDAQ:ROAD) Will Want To Turn Around Its Return Trends
Mar 02Estimating The Intrinsic Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Feb 17Construction Partners (NASDAQ:ROAD) Has A Somewhat Strained Balance Sheet
Jan 19Is It Time To Consider Buying Construction Partners, Inc. (NASDAQ:ROAD)?
Dec 18Financial Position Analysis
Short Term Liabilities: ROAD's short term assets ($461.4M) exceed its short term liabilities ($262.9M).
Long Term Liabilities: ROAD's short term assets ($461.4M) do not cover its long term liabilities ($492.1M).
Debt to Equity History and Analysis
Debt Level: ROAD's net debt to equity ratio (71.6%) is considered high.
Reducing Debt: ROAD's debt to equity ratio has increased from 19.4% to 84.8% over the past 5 years.
Debt Coverage: ROAD's debt is well covered by operating cash flow (42.7%).
Interest Coverage: ROAD's interest payments on its debt are well covered by EBIT (3.7x coverage).