Construction Partners Balance Sheet Health
Financial Health criteria checks 3/6
Construction Partners has a total shareholder equity of $573.7M and total debt of $513.5M, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are $1.5B and $968.4M respectively. Construction Partners's EBIT is $118.8M making its interest coverage ratio 4. It has cash and short-term investments of $74.7M.
Key information
89.5%
Debt to equity ratio
US$513.52m
Debt
| Interest coverage ratio | 4x |
| Cash | US$74.69m |
| Equity | US$573.74m |
| Total liabilities | US$968.40m |
| Total assets | US$1.54b |
Recent financial health updates
These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Nov 22
We Think Construction Partners (NASDAQ:ROAD) Can Stay On Top Of Its Debt
Jul 15These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Apr 09Recent updates
Construction Partners, Inc. (NASDAQ:ROAD) Released Earnings Last Week And Analysts Lifted Their Price Target To US$101
Nov 28These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Nov 22Here's Why Construction Partners (NASDAQ:ROAD) Has Caught The Eye Of Investors
Nov 07Construction Partners, Inc.'s (NASDAQ:ROAD) 29% Jump Shows Its Popularity With Investors
Nov 07News Flash: Analysts Just Made A Substantial Upgrade To Their Construction Partners, Inc. (NASDAQ:ROAD) Forecasts
Oct 24A Big Move By Construction Partners Sends Share Cruising
Oct 22Here's What's Concerning About Construction Partners' (NASDAQ:ROAD) Returns On Capital
Sep 26Construction Partners, Inc.'s (NASDAQ:ROAD) P/E Still Appears To Be Reasonable
Aug 28Construction Partners: On A Road To Robust Growth, Q3 Updated
Aug 15Estimating The Fair Value Of Construction Partners, Inc. (NASDAQ:ROAD)
Aug 13Construction Partners: Tailwinds Fully Reflected, Calculus Skewed To Downside
Jul 17We Think Construction Partners (NASDAQ:ROAD) Can Stay On Top Of Its Debt
Jul 15With EPS Growth And More, Construction Partners (NASDAQ:ROAD) Makes An Interesting Case
Jun 06Earnings Tell The Story For Construction Partners, Inc. (NASDAQ:ROAD)
May 06Construction Partners: No Longer A Road To Riches
May 03Return Trends At Construction Partners (NASDAQ:ROAD) Aren't Appealing
Apr 23These 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 03Financial Position Analysis
Short Term Liabilities: ROAD's short term assets ($585.0M) exceed its short term liabilities ($380.5M).
Long Term Liabilities: ROAD's short term assets ($585.0M) do not cover its long term liabilities ($587.9M).
Debt to Equity History and Analysis
Debt Level: ROAD's net debt to equity ratio (76.5%) is considered high.
Reducing Debt: ROAD's debt to equity ratio has increased from 14.6% to 89.5% over the past 5 years.
Debt Coverage: ROAD's debt is well covered by operating cash flow (40.7%).
Interest Coverage: ROAD's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:11 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Construction Partners, Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Wittmann | Baird |
| Michael Feniger | BofA Global Research |
| Brent Thielman | D.A. Davidson & Co. |