Flexsteel Industries Balance Sheet Health
Financial Health criteria checks 5/6
Flexsteel Industries has a total shareholder equity of $154.7M and total debt of $3.6M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are $268.7M and $114.0M respectively. Flexsteel Industries's EBIT is $20.9M making its interest coverage ratio 20.3. It has cash and short-term investments of $5.7M.
Key information
2.3%
Debt to equity ratio
US$3.58m
Debt
| Interest coverage ratio | 20.3x |
| Cash | US$5.74m |
| Equity | US$154.70m |
| Total liabilities | US$114.02m |
| Total assets | US$268.72m |
Recent financial health updates
Recent updates
Investors Appear Satisfied With Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Prospects As Shares Rocket 30%
Oct 28
Flexsteel Reached A Year Of Cyclical Recovery, And The Stock Reaches Peak Optimism
Oct 22Flexsteel Industries (NASDAQ:FLXS) Could Easily Take On More Debt
Sep 19Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued
Sep 03Why Investors Shouldn't Be Surprised By Flexsteel Industries, Inc.'s (NASDAQ:FLXS) P/E
Aug 25Flexsteel Industries: Recent Q3 Top-Line Growth Of 8%+ Will Be Difficult To Maintain
Jul 11Flexsteel Industries' Turnaround Has Been Demonstrated, But Undervaluation Remains
Jul 05Flexsteel 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 13Financial Position Analysis
Short Term Liabilities: FLXS's short term assets ($151.6M) exceed its short term liabilities ($53.3M).
Long Term Liabilities: FLXS's short term assets ($151.6M) exceed its long term liabilities ($60.7M).
Debt to Equity History and Analysis
Debt Level: FLXS has more cash than its total debt.
Reducing Debt: FLXS's debt to equity ratio has increased from 0% to 2.3% over the past 5 years.
Debt Coverage: FLXS's debt is well covered by operating cash flow (1007%).
Interest Coverage: FLXS's interest payments on its debt are well covered by EBIT (20.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 16:38 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Flexsteel Industries, Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Anthony Lebiedzinski | Sidoti & Company, LLC |
| Jim Marrone | Singular Research |