Miller Industries Balance Sheet Health
Financial Health criteria checks 5/6
Miller Industries has a total shareholder equity of $395.2M and total debt of $65.0M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are $755.3M and $360.2M respectively. Miller Industries's EBIT is $92.9M making its interest coverage ratio 18.6. It has cash and short-term investments of $40.6M.
Key information
16.4%
Debt to equity ratio
US$65.00m
Debt
| Interest coverage ratio | 18.6x |
| Cash | US$40.60m |
| Equity | US$395.19m |
| Total liabilities | US$360.16m |
| Total assets | US$755.35m |
Recent financial health updates
Recent updates
Miller Industries: The Meteoric Rise Continues
Nov 22Capital Investment Trends At Miller Industries (NYSE:MLR) Look Strong
Nov 12
Miller Industries: Shares Can Keep Moving Higher
Aug 16Does Miller Industries (NYSE:MLR) Have A Healthy Balance Sheet?
Jul 16Miller Industries Can Keep Pulling Itself Higher As Conditions Stabilize
May 06Miller Industries: Inventory Frontloading Continues To Be A Winning Strategy For Now
Jan 30Miller Industries: Remains Underfollowed And Undervalued
Jan 24Miller Industries (NYSE:MLR) Is Due To Pay A Dividend Of $0.18
Nov 17Miller Industries: Elevated Working Capital Needs Suggest More Share-Price Consolidation
Oct 09Miller Industries (NYSE:MLR) Is Paying Out A Dividend Of $0.18
Aug 28Miller Industries (NYSE:MLR) Is Due To Pay A Dividend Of $0.18
Aug 13Miller Industries: The Market Is Missing This Operating Leverage Story
Jul 22Miller Industries (NYSE:MLR) Is Paying Out A Dividend Of $0.18
Jun 01Miller Industries (NYSE:MLR) Is Paying Out A Dividend Of $0.18
May 07Miller Industries Still Has Room To Ride
Feb 08Miller Industries (NYSE:MLR) Will Pay A Dividend Of $0.18
Nov 13Miller declares $0.18 dividend
Nov 09Miller Industries: Bulls Looking For Momentum To Continue (Technical Analysis)
Sep 13Miller Industries' (NYSE:MLR) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Aug 11Miller declares $0.18 dividend
Aug 03Is Miller Industries A Buy Yet?
Jul 05Miller Industries (NYSE:MLR) Has Affirmed Its Dividend Of US$0.18
May 12Palm Valley Capital Fund - Miller Industries: A Solid Balance Sheet
Apr 15Miller Industries: The Risk To Reward Here Is Favorable
Mar 22Miller Industries: A Move Above $34.50 Confirms The Bottom
Jan 04Miller Industries (NYSE:MLR) Has Affirmed Its Dividend Of US$0.18
Nov 07Miller Industries: Close To Confirming An Intermediate Bottom
Aug 20Miller Industries (NYSE:MLR) Is Due To Pay A Dividend Of US$0.18
Aug 08We Discuss Why Miller Industries, Inc.'s (NYSE:MLR) CEO May Deserve A Higher Pay Packet
May 23Temporary Blip For Miller Industries: Keep Buying This Compounder
May 09Miller reports Q1 results
May 05Does Miller Industries, Inc. (NYSE:MLR) Have A Place In Your Dividend Portfolio?
Mar 29Be Sure To Check Out Miller Industries, Inc. (NYSE:MLR) Before It Goes Ex-Dividend
Mar 07Financial Position Analysis
Short Term Liabilities: MLR's short term assets ($615.5M) exceed its short term liabilities ($290.8M).
Long Term Liabilities: MLR's short term assets ($615.5M) exceed its long term liabilities ($69.4M).
Debt to Equity History and Analysis
Debt Level: MLR's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: MLR's debt to equity ratio has increased from 4.2% to 16.4% over the past 5 years.
Debt Coverage: MLR's debt is well covered by operating cash flow (54.4%).
Interest Coverage: MLR's interest payments on its debt are well covered by EBIT (18.6x coverage).