Butler National Balance Sheet Health
Financial Health criteria checks 4/6
Butler National has a total shareholder equity of $49.9M and total debt of $39.7M, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are $113.3M and $63.4M respectively. Butler National's EBIT is $8.2M making its interest coverage ratio 3.5. It has cash and short-term investments of $17.9M.
Key information
79.5%
Debt to equity ratio
US$39.69m
Debt
Interest coverage ratio | 3.5x |
Cash | US$17.89m |
Equity | US$49.91m |
Total liabilities | US$63.37m |
Total assets | US$113.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUKS's short term assets ($38.8M) exceed its short term liabilities ($25.2M).
Long Term Liabilities: BUKS's short term assets ($38.8M) exceed its long term liabilities ($38.1M).
Debt to Equity History and Analysis
Debt Level: BUKS's net debt to equity ratio (43.7%) is considered high.
Reducing Debt: BUKS's debt to equity ratio has increased from 6.4% to 79.5% over the past 5 years.
Debt Coverage: BUKS's debt is well covered by operating cash flow (33.8%).
Interest Coverage: BUKS's interest payments on its debt are well covered by EBIT (3.5x coverage).