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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/07/29 22:28 |
| End of Day Share Price | 2023/07/27 00:00 |
| Earnings | 2023/03/31 |
| Annual Earnings | 2022/12/31 |
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
Aerojet Rocketdyne Holdings, Inc. is covered by 11 analysts. 3 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 |
|---|---|
| null null | Argus Research Company |
| Kenneth Herbert | Canaccord Genuity |
| George Godfrey | CL King & Associates, Inc. |