United Homes Group Balance Sheet Health
Financial Health criteria checks 0/6
United Homes Group has a total shareholder equity of $-4.7M and total debt of $142.5M, which brings its debt-to-equity ratio to -3014.2%. Its total assets and total liabilities are $287.2M and $291.9M respectively. United Homes Group's EBIT is $9.2M making its interest coverage ratio 2.8. It has cash and short-term investments of $28.7M.
Key information
-3,014.2%
Debt to equity ratio
US$142.51m
Debt
Interest coverage ratio | 2.8x |
Cash | US$28.65m |
Equity | -US$4.73m |
Total liabilities | US$291.94m |
Total assets | US$287.21m |
Recent financial health updates
No updates
Recent updates
United Homes Group: Housing Market Improves, But Not Enough
Apr 21United Homes Group (NASDAQ:UHG) Will Be Hoping To Turn Its Returns On Capital Around
Apr 14It's A Story Of Risk Vs Reward With United Homes Group, Inc. (NASDAQ:UHG)
Dec 23United Homes Group's (NASDAQ:UHG) Solid Earnings May Rest On Weak Foundations
Nov 24Estimating The Fair Value Of United Homes Group, Inc. (NASDAQ:UHG)
Aug 11Financial Position Analysis
Short Term Liabilities: UHG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: UHG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: UHG has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: UHG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: UHG's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: UHG's interest payments on its debt are not well covered by EBIT (2.8x coverage).