This company has been acquired
Aerojet Rocketdyne Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Aerojet Rocketdyne Holdings has a total shareholder equity of $562.8M and total debt of $258.2M, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are $2.3B and $1.8B respectively. Aerojet Rocketdyne Holdings's EBIT is $207.1M making its interest coverage ratio 18.5. It has cash and short-term investments of $283.7M.
Key information
45.9%
Debt to equity ratio
US$258.20m
Debt
Interest coverage ratio | 18.5x |
Cash | US$283.70m |
Equity | US$562.80m |
Total liabilities | US$1.75b |
Total assets | US$2.31b |
Recent financial health updates
No updates
Recent updates
The Aerojet Rocketdyne Lesson: Eyes On Facts And Opportunity
Jul 31Aerojet Rocketdyne Stock: Time To Sell?
Feb 24L3Harris close to deal to buy Aerojet Rocketdyne for $4.7B - report
Dec 17Aerojet Rocketdyne gets $98.5M contract to produce motors, sleds for new rockets
Dec 08Aerojet Rocketdyne Q3 2022 Earnings Preview
Oct 31Aerojet Rocketdyne selected to power Navy’s CRAW Torpedo
Oct 24Aerojet Rocketdyne gains on report of talks with strategic buyers
Aug 23Elliott Management takes new stakes in Aerojet, Pinterest, PayPal; exits Twitter
Aug 15Aerojet Ordnance Tennessee wins contract for additional M67 body assemblies
Aug 08Aerojet Rocketdyne Q2 2022 Earnings Preview
Jul 29Aerojet Rocketdyne to redeem all outstanding 2.25% convertible senior notes
Jul 15Financial Position Analysis
Short Term Liabilities: AJRD's short term assets ($998.0M) exceed its short term liabilities ($650.3M).
Long Term Liabilities: AJRD's short term assets ($998.0M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: AJRD has more cash than its total debt.
Reducing Debt: AJRD's debt to equity ratio has reduced from 362.9% to 45.9% over the past 5 years.
Debt Coverage: AJRD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AJRD's interest payments on its debt are well covered by EBIT (18.5x coverage).