Construction Partners Balance Sheet Health
Financial Health criteria checks 4/6
Construction Partners has a total shareholder equity of $552.9M and total debt of $477.8M, which brings its debt-to-equity ratio to 86.4%. Its total assets and total liabilities are $1.4B and $879.2M respectively. Construction Partners's EBIT is $115.5M making its interest coverage ratio 4.3. It has cash and short-term investments of $56.3M.
Key information
86.4%
Debt to equity ratio
US$477.85m
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$56.33m |
| Equity | US$552.94m |
| Total liabilities | US$879.16m |
| Total assets | US$1.43b |
Recent financial health updates
We Think Construction Partners (NASDAQ:ROAD) Can Stay On Top Of Its Debt
Jul 15
These 4 Measures Indicate That Construction Partners (NASDAQ:ROAD) Is Using Debt Reasonably Well
Apr 09Construction 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 20Recent updates
Construction 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 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 22Financial Position Analysis
Short Term Liabilities: ROAD's short term assets ($554.2M) exceed its short term liabilities ($346.0M).
Long Term Liabilities: ROAD's short term assets ($554.2M) exceed its long term liabilities ($533.1M).
Debt to Equity History and Analysis
Debt Level: ROAD's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: ROAD's debt to equity ratio has increased from 15.9% to 86.4% over the past 5 years.
Debt Coverage: ROAD's debt is well covered by operating cash flow (36.8%).
Interest Coverage: ROAD's interest payments on its debt are well covered by EBIT (4.3x coverage).