Griffon Balance Sheet Health
Financial Health criteria checks 3/6
Griffon has a total shareholder equity of $285.0M and total debt of $1.4B, which brings its debt-to-equity ratio to 504.9%. Its total assets and total liabilities are $2.4B and $2.1B respectively. Griffon's EBIT is $413.0M making its interest coverage ratio 4.1. It has cash and short-term investments of $110.5M.
Key information
504.9%
Debt to equity ratio
US$1.44b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$110.55m |
| Equity | US$285.02m |
| Total liabilities | US$2.11b |
| Total assets | US$2.39b |
Recent financial health updates
Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?
Mar 12
Griffon (NYSE:GFF) Seems To Use Debt Quite Sensibly
Nov 09These 4 Measures Indicate That Griffon (NYSE:GFF) Is Using Debt Reasonably Well
Jun 07Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?
Jan 26Griffon (NYSE:GFF) Has A Somewhat Strained Balance Sheet
Oct 21These 4 Measures Indicate That Griffon (NYSE:GFF) Is Using Debt Extensively
Jul 08Recent updates
Investor Optimism Abounds Griffon Corporation (NYSE:GFF) But Growth Is Lacking
Apr 01Here's Why Shareholders May Want To Be Cautious With Increasing Griffon Corporation's (NYSE:GFF) CEO Pay Packet
Mar 14Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?
Mar 12Taking A Gander At Griffon
Feb 22Griffon's (NYSE:GFF) Solid Earnings Have Been Accounted For Conservatively
Feb 14When Should You Buy Griffon Corporation (NYSE:GFF)?
Jan 09There's Reason For Concern Over Griffon Corporation's (NYSE:GFF) Massive 26% Price Jump
Dec 22Tweaking Its Strategy Will Keep Griffon Corporation On The Hunt
Dec 11Griffon Corporation's (NYSE:GFF) Intrinsic Value Is Potentially 34% Above Its Share Price
Dec 10Griffon (NYSE:GFF) Seems To Use Debt Quite Sensibly
Nov 09Griffon Corporation: Lower Demand Is Priced In Right Now
Oct 01Griffon Corporation: Avoid It For Now
Aug 30Is There An Opportunity With Griffon Corporation's (NYSE:GFF) 34% Undervaluation?
Jul 27Griffon Corporation Decides To Carry On With Its Current Strategies
Jun 11These 4 Measures Indicate That Griffon (NYSE:GFF) Is Using Debt Reasonably Well
Jun 07An Intrinsic Calculation For Griffon Corporation (NYSE:GFF) Suggests It's 25% Undervalued
Mar 09What Does Griffon Corporation's (NYSE:GFF) Share Price Indicate?
Feb 16Griffon declares $0.10 dividend
Jan 31Does Griffon (NYSE:GFF) Have A Healthy Balance Sheet?
Jan 26Voss Capital - Griffon Corp.: Strong 2023 Guidance, Hefty Mid-Teens FCF Yield
Dec 10Griffon (NYSE:GFF) Has Announced That It Will Be Increasing Its Dividend To $0.10
Nov 22What Is Griffon Corporation's (NYSE:GFF) Share Price Doing?
Nov 17Is There An Opportunity With Griffon Corporation's (NYSE:GFF) 49% Undervaluation?
Nov 03Griffon (NYSE:GFF) Has A Somewhat Strained Balance Sheet
Oct 21Griffon Corporation: New Faces Are Opening Doors For This Small-Cap Stock
Oct 20Griffon expects to provide update on sale or merger in November
Oct 06If EPS Growth Is Important To You, Griffon (NYSE:GFF) Presents An Opportunity
Oct 04What Does Griffon Corporation's (NYSE:GFF) Share Price Indicate?
Aug 15Endings Bring New Beginnings For Griffon Corporation
Aug 03Griffon (NYSE:GFF) Has Announced A Dividend Of $0.09
Jul 31Griffon Corporation: Recent Developments Are Bullish
Jul 28These 4 Measures Indicate That Griffon (NYSE:GFF) Is Using Debt Extensively
Jul 08Here's Why Griffon (NYSE:GFF) Has Caught The Eye Of Investors
Jun 22Griffon (NYSE:GFF) Has Affirmed Its Dividend Of US$0.09
May 12Griffon Corporation: A Small Holding Company Worth Consideration
May 09Is It Time To Consider Buying Griffon Corporation (NYSE:GFF)?
May 03Here's Why Griffon (NYSE:GFF) Has A Meaningful Debt Burden
Apr 06Griffon (NYSE:GFF) Has Announced A Dividend Of US$0.09
Feb 19Financial Position Analysis
Short Term Liabilities: GFF's short term assets ($962.6M) exceed its short term liabilities ($391.7M).
Long Term Liabilities: GFF's short term assets ($962.6M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GFF's net debt to equity ratio (466.1%) is considered high.
Reducing Debt: GFF's debt to equity ratio has increased from 243.5% to 504.9% over the past 5 years.
Debt Coverage: GFF's debt is well covered by operating cash flow (34.6%).
Interest Coverage: GFF's interest payments on its debt are well covered by EBIT (4.1x coverage).