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 13Flexsteel Non-GAAP EPS of $0.41 misses by $0.02, revenue of $124.52M beats by $5.1M
Aug 22Financial 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).