Flexsteel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Flexsteel Industries has a total shareholder equity of $143.5M and total debt of $17.9M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are $272.5M and $128.9M respectively. Flexsteel Industries's EBIT is $12.9M making its interest coverage ratio 7.3. It has cash and short-term investments of $3.3M.
Key information
12.5%
Debt to equity ratio
US$17.90m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$3.31m |
| Equity | US$143.53m |
| Total liabilities | US$128.94m |
| Total assets | US$272.48m |
Recent financial health updates
Flexsteel Industries (NASDAQ:FLXS) Use Of Debt Could Be Considered Risky
Jul 05
Here's Why Flexsteel Industries (NASDAQ:FLXS) Has A Meaningful Debt Burden
Oct 28Recent updates
Flexsteel Industries: Navigating A Recovering Furniture Market
Mar 25Flexsteel Is Going In The Right Direction But Is Too Expensive
Feb 25Flexsteel Industries: A Window Of Opportunity
Jan 20Flexsteel declares $0.15 dividend
Sep 13Flexsteel Non-GAAP EPS of $0.41 misses by $0.02, revenue of $124.52M beats by $5.1M
Aug 22Flexsteel Industries (NASDAQ:FLXS) Use Of Debt Could Be Considered Risky
Jul 05Flexsteel: Strong Quarter, +22% EPS On +18% Revenue, Estimates Beat, 14% Buyback During Quarter
Apr 27Flexsteel: +19% Sales But Weak Quarter, 7x P/E And 56% Upside
Jan 26Here's Why Flexsteel Industries (NASDAQ:FLXS) Has A Meaningful Debt Burden
Oct 28Flexsteel: +24% EPS Growth, 8x P/E, And 45% Upside
Oct 26Flexsteel: Record EPS And Retail Backlog Equal 44% Upside
Aug 25Financial Position Analysis
Short Term Liabilities: FLXS's short term assets ($149.1M) exceed its short term liabilities ($48.6M).
Long Term Liabilities: FLXS's short term assets ($149.1M) exceed its long term liabilities ($80.4M).
Debt to Equity History and Analysis
Debt Level: FLXS's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: FLXS's debt to equity ratio has increased from 0% to 12.5% over the past 5 years.
Debt Coverage: FLXS's debt is well covered by operating cash flow (86.7%).
Interest Coverage: FLXS's interest payments on its debt are well covered by EBIT (7.3x coverage).