HEICO Balance Sheet Health
Financial Health criteria checks 2/6
HEICO has a total shareholder equity of $3.7B and total debt of $2.5B, which brings its debt-to-equity ratio to 67.1%. Its total assets and total liabilities are $7.3B and $3.7B respectively. HEICO's EBIT is $692.7M making its interest coverage ratio 6.6. It has cash and short-term investments of $196.3M.
Key information
67.1%
Debt to equity ratio
US$2.47b
Debt
Interest coverage ratio | 6.6x |
Cash | US$196.32m |
Equity | US$3.68b |
Total liabilities | US$3.65b |
Total assets | US$7.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: HEI.A's short term assets ($1.9B) exceed its short term liabilities ($604.1M).
Long Term Liabilities: HEI.A's short term assets ($1.9B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: HEI.A's net debt to equity ratio (61.8%) is considered high.
Reducing Debt: HEI.A's debt to equity ratio has increased from 34.9% to 67.1% over the past 5 years.
Debt Coverage: HEI.A's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: HEI.A's interest payments on its debt are well covered by EBIT (6.6x coverage).