Fortune Brands Innovations Balance Sheet Health
Financial Health criteria checks 3/6
Fortune Brands Innovations has a total shareholder equity of $2.3B and total debt of $3.0B, which brings its debt-to-equity ratio to 133.5%. Its total assets and total liabilities are $6.8B and $4.5B respectively. Fortune Brands Innovations's EBIT is $734.7M making its interest coverage ratio 7. It has cash and short-term investments of $359.7M.
Key information
133.5%
Debt to equity ratio
US$3.04b
Debt
| Interest coverage ratio | 7x |
| Cash | US$359.70m |
| Equity | US$2.28b |
| Total liabilities | US$4.51b |
| Total assets | US$6.79b |
Recent financial health updates
Here's Why Fortune Brands Innovations (NYSE:FBIN) Can Manage Its Debt Responsibly
Mar 20
These 4 Measures Indicate That Fortune Brands Innovations (NYSE:FBIN) Is Using Debt Reasonably Well
Jul 21These 4 Measures Indicate That Fortune Brands Innovations (NYSE:FBIN) Is Using Debt Reasonably Well
Apr 17Does Fortune Brands Home & Security (NYSE:FBHS) Have A Healthy Balance Sheet?
Oct 03Recent updates
Is There Now An Opportunity In Fortune Brands Innovations, Inc. (NYSE:FBIN)?
Apr 19Here's Why Fortune Brands Innovations (NYSE:FBIN) Can Manage Its Debt Responsibly
Mar 20Fortune Brands: Fully Re-Rated Following Its Transformation
Mar 04Is Now The Time To Look At Buying Fortune Brands Innovations, Inc. (NYSE:FBIN)?
Jan 18Some Shareholders Feeling Restless Over Fortune Brands Innovations, Inc.'s (NYSE:FBIN) P/E Ratio
Dec 26Fortune Brands: Improving Outlook And Reasonable Valuations
Dec 11Calculating The Fair Value Of Fortune Brands Innovations, Inc. (NYSE:FBIN)
Dec 05Fortune Brands Innovations (NYSE:FBIN) Is Reducing Its Dividend To $0.23
Oct 29Fortune Brands Innovations' (NYSE:FBIN) Shareholders Will Receive A Smaller Dividend Than Last Year
Oct 06Fortune Brands Innovations (NYSE:FBIN) Has Announced That Its Dividend Will Be Reduced To $0.23
Sep 22Fortune Brands Innovations: Sell Amid Growth Struggles
Sep 15At US$65.43, Is Fortune Brands Innovations, Inc. (NYSE:FBIN) Worth Looking At Closely?
Sep 12Fortune Brands: Good Growth At A Reasonable Price
Sep 05A Look At The Intrinsic Value Of Fortune Brands Innovations, Inc. (NYSE:FBIN)
Aug 22Fortune Brands Innovations (NYSE:FBIN) Will Pay A Smaller Dividend Than Last Year
Aug 04These 4 Measures Indicate That Fortune Brands Innovations (NYSE:FBIN) Is Using Debt Reasonably Well
Jul 21Fortune Brands: Not Worth Chasing
Jun 19At US$65.76, Is It Time To Put Fortune Brands Innovations, Inc. (NYSE:FBIN) On Your Watch List?
Jun 12Fortune Brands Innovations' (NYSE:FBIN) Dividend Will Be Reduced To $0.23
May 19These 4 Measures Indicate That Fortune Brands Innovations (NYSE:FBIN) Is Using Debt Reasonably Well
Apr 17Is Fortune Brands Innovations, Inc. (NYSE:FBIN) Potentially Undervalued?
Mar 14Fortune Brands Innovations: Entering A New Era Amidst Serious Macro Headwinds
Feb 23Fortune Brands Home & Security GAAP EPS of $1.56 beats by $0.24, revenue of $1.14B in-line
Feb 16Fortune Brands Innovations appoints David Barry CFO; reaffirms FY22 sales growth & EPS guidance
Jan 23Fortune Brands Home & Security cuts dividend by ~18%
Dec 13Fortune Brands Home & Security (NYSE:FBHS) Has More To Do To Multiply In Value Going Forward
Oct 15Buy Fortune Brands Ahead Of $24/Share Of Cash Generation And Doubling Of FCF
Oct 10Does Fortune Brands Home & Security (NYSE:FBHS) Have A Healthy Balance Sheet?
Oct 03Fortune Brands Home & Security declares $0.28 dividend
Sep 28Why Fortune Brands Home & Security, Inc. (NYSE:FBHS) Could Be Worth Watching
Sep 19Fortune Brands Should Be Able To Manage Downturn Well
Aug 18Fortune Brands acquires shower products manufacturer, Aqualisa for $160M
Aug 01Fortune Brands Home & Security, Inc.'s (NYSE:FBHS) Intrinsic Value Is Potentially 77% Above Its Share Price
Aug 01Financial Position Analysis
Short Term Liabilities: FBIN's short term assets ($2.2B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: FBIN's short term assets ($2.2B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: FBIN's net debt to equity ratio (117.7%) is considered high.
Reducing Debt: FBIN's debt to equity ratio has increased from 120% to 133.5% over the past 5 years.
Debt Coverage: FBIN's debt is well covered by operating cash flow (29.8%).
Interest Coverage: FBIN's interest payments on its debt are well covered by EBIT (7x coverage).