Butler National Balance Sheet Health
Financial Health criteria checks 5/6
Butler National has a total shareholder equity of $56.3M and total debt of $36.9M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are $114.6M and $58.4M respectively. Butler National's EBIT is $15.6M making its interest coverage ratio 7.8. It has cash and short-term investments of $17.8M.
Key information
65.6%
Debt to equity ratio
US$36.91m
Debt
| Interest coverage ratio | 7.8x |
| Cash | US$17.83m |
| Equity | US$56.29m |
| Total liabilities | US$58.36m |
| Total assets | US$114.65m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BUKS's short term assets ($39.0M) exceed its short term liabilities ($22.4M).
Long Term Liabilities: BUKS's short term assets ($39.0M) exceed its long term liabilities ($35.9M).
Debt to Equity History and Analysis
Debt Level: BUKS's net debt to equity ratio (33.9%) is considered satisfactory.
Reducing Debt: BUKS's debt to equity ratio has increased from 9.4% to 65.6% over the past 5 years.
Debt Coverage: BUKS's debt is well covered by operating cash flow (30.8%).
Interest Coverage: BUKS's interest payments on its debt are well covered by EBIT (7.8x coverage).