Advanced Drainage Systems, Inc.

NYSE:WMS Stock Report

Market Cap: US$12.8b

Advanced Drainage Systems Balance Sheet Health

Financial Health criteria checks 3/6

Advanced Drainage Systems has a total shareholder equity of $1.2B and total debt of $1.3B, which brings its debt-to-equity ratio to 108.5%. Its total assets and total liabilities are $3.3B and $2.1B respectively. Advanced Drainage Systems's EBIT is $723.8M making its interest coverage ratio 10.8. It has cash and short-term investments of $490.2M.

Key information

108.5%

Debt to equity ratio

US$1.27b

Debt

Interest coverage ratio10.8x
CashUS$490.16m
EquityUS$1.17b
Total liabilitiesUS$2.10b
Total assetsUS$3.27b

Recent financial health updates

Recent updates

Advanced Drainage Systems: Superb Economics Fully Captured At Current Multiples, Seek Pullback First

Jul 09

At US$155, Is Advanced Drainage Systems, Inc. (NYSE:WMS) Worth Looking At Closely?

Jul 03
At US$155, Is Advanced Drainage Systems, Inc. (NYSE:WMS) Worth Looking At Closely?

Is Advanced Drainage Systems (NYSE:WMS) Using Too Much Debt?

Jun 20
Is Advanced Drainage Systems (NYSE:WMS) Using Too Much Debt?

Unpleasant Surprises Could Be In Store For Advanced Drainage Systems, Inc.'s (NYSE:WMS) Shares

May 28
Unpleasant Surprises Could Be In Store For Advanced Drainage Systems, Inc.'s (NYSE:WMS) Shares

Why We Like The Returns At Advanced Drainage Systems (NYSE:WMS)

Apr 15
Why We Like The Returns At Advanced Drainage Systems (NYSE:WMS)

Is Now The Time To Put Advanced Drainage Systems (NYSE:WMS) On Your Watchlist?

Apr 02
Is Now The Time To Put Advanced Drainage Systems (NYSE:WMS) On Your Watchlist?

At US$163, Is Advanced Drainage Systems, Inc. (NYSE:WMS) Worth Looking At Closely?

Mar 17
At US$163, Is Advanced Drainage Systems, Inc. (NYSE:WMS) Worth Looking At Closely?

Is Advanced Drainage Systems (NYSE:WMS) A Risky Investment?

Mar 04
Is Advanced Drainage Systems (NYSE:WMS) A Risky Investment?

Earnings Not Telling The Story For Advanced Drainage Systems, Inc. (NYSE:WMS) After Shares Rise 26%

Feb 16
Earnings Not Telling The Story For Advanced Drainage Systems, Inc. (NYSE:WMS) After Shares Rise 26%

Advanced Drainage Systems: Interesting, But Not Worthy Of Optimism Heading Into Earnings

Feb 03

Advanced Drainage Systems (NYSE:WMS) Knows How To Allocate Capital Effectively

Jan 16
Advanced Drainage Systems (NYSE:WMS) Knows How To Allocate Capital Effectively

Here's Why Advanced Drainage Systems (NYSE:WMS) Has Caught The Eye Of Investors

Jan 03
Here's Why Advanced Drainage Systems (NYSE:WMS) Has Caught The Eye Of Investors

Advanced Drainage Systems, Inc.'s (NYSE:WMS) Share Price Not Quite Adding Up

Dec 18
Advanced Drainage Systems, Inc.'s (NYSE:WMS) Share Price Not Quite Adding Up

At US$126, Is It Time To Put Advanced Drainage Systems, Inc. (NYSE:WMS) On Your Watch List?

Dec 05
At US$126, Is It Time To Put Advanced Drainage Systems, Inc. (NYSE:WMS) On Your Watch List?

Is Advanced Drainage Systems, Inc. (NYSE:WMS) Expensive For A Reason? A Look At Its Intrinsic Value

Nov 23
Is Advanced Drainage Systems, Inc. (NYSE:WMS) Expensive For A Reason? A Look At Its Intrinsic Value

Advanced Drainage Systems: Weak Q2 Results With No Significant Growth Prospect

Nov 08

We Think Advanced Drainage Systems (NYSE:WMS) Can Stay On Top Of Its Debt

Nov 06
We Think Advanced Drainage Systems (NYSE:WMS) Can Stay On Top Of Its Debt

Do Advanced Drainage Systems' (NYSE:WMS) Earnings Warrant Your Attention?

Oct 01
Do Advanced Drainage Systems' (NYSE:WMS) Earnings Warrant Your Attention?

Is There Now An Opportunity In Advanced Drainage Systems, Inc. (NYSE:WMS)?

Sep 04
Is There Now An Opportunity In Advanced Drainage Systems, Inc. (NYSE:WMS)?

Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Could Be 24% Above Their Intrinsic Value Estimate

Aug 21
Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Could Be 24% Above Their Intrinsic Value Estimate

Advanced Drainage Systems: The Picture Is Getting More Interesting

Aug 18

Returns On Capital Are A Standout For Advanced Drainage Systems (NYSE:WMS)

Aug 09
Returns On Capital Are A Standout For Advanced Drainage Systems (NYSE:WMS)

Is Advanced Drainage Systems (NYSE:WMS) Using Too Much Debt?

Jul 26
Is Advanced Drainage Systems (NYSE:WMS) Using Too Much Debt?

Is Now The Time To Put Advanced Drainage Systems (NYSE:WMS) On Your Watchlist?

Jun 22
Is Now The Time To Put Advanced Drainage Systems (NYSE:WMS) On Your Watchlist?

Advanced Drainage Systems: An Overlooked Water Play

Jun 06

Is It Too Late To Consider Buying Advanced Drainage Systems, Inc. (NYSE:WMS)?

May 22
Is It Too Late To Consider Buying Advanced Drainage Systems, Inc. (NYSE:WMS)?

Advanced Drainage Systems (NYSE:WMS) Could Become A Multi-Bagger

May 10
Advanced Drainage Systems (NYSE:WMS) Could Become A Multi-Bagger

Estimating The Intrinsic Value Of Advanced Drainage Systems, Inc. (NYSE:WMS)

Apr 02
Estimating The Intrinsic Value Of Advanced Drainage Systems, Inc. (NYSE:WMS)

Here's Why Advanced Drainage Systems (NYSE:WMS) Has Caught The Eye Of Investors

Mar 21
Here's Why Advanced Drainage Systems (NYSE:WMS) Has Caught The Eye Of Investors

Is Advanced Drainage Systems, Inc. (NYSE:WMS) Potentially Undervalued?

Feb 06
Is Advanced Drainage Systems, Inc. (NYSE:WMS) Potentially Undervalued?

Advanced Drainage Systems Q3 2023 Earnings Preview

Feb 01

These 4 Measures Indicate That Advanced Drainage Systems (NYSE:WMS) Is Using Debt Safely

Jan 25
These 4 Measures Indicate That Advanced Drainage Systems (NYSE:WMS) Is Using Debt Safely

Advanced Drainage Systems: Recent Correction Is A Buying Opportunity

Dec 30

Returns On Capital Are A Standout For Advanced Drainage Systems (NYSE:WMS)

Dec 29
Returns On Capital Are A Standout For Advanced Drainage Systems (NYSE:WMS)

Calculating The Intrinsic Value Of Advanced Drainage Systems, Inc. (NYSE:WMS)

Dec 17
Calculating The Intrinsic Value Of Advanced Drainage Systems, Inc. (NYSE:WMS)

We Ran A Stock Scan For Earnings Growth And Advanced Drainage Systems (NYSE:WMS) Passed With Ease

Dec 05
We Ran A Stock Scan For Earnings Growth And Advanced Drainage Systems (NYSE:WMS) Passed With Ease

Financial Position Analysis

Short Term Liabilities: WMS's short term assets ($1.3B) exceed its short term liabilities ($439.6M).

Long Term Liabilities: WMS's short term assets ($1.3B) do not cover its long term liabilities ($1.7B).


Debt to Equity History and Analysis

Debt Level: WMS's net debt to equity ratio (66.7%) is considered high.

Reducing Debt: WMS's debt to equity ratio has increased from 34.4% to 108.5% over the past 5 years.

Debt Coverage: WMS's debt is well covered by operating cash flow (56.5%).

Interest Coverage: WMS's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet


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