Hovnanian Enterprises Balance Sheet Health
Financial Health criteria checks 4/6
Hovnanian Enterprises has a total shareholder equity of $800.3M and total debt of $1.1B, which brings its debt-to-equity ratio to 139.7%. Its total assets and total liabilities are $2.6B and $1.8B respectively. Hovnanian Enterprises's EBIT is $260.1M making its interest coverage ratio 8.5. It has cash and short-term investments of $210.0M.
Key information
139.7%
Debt to equity ratio
US$1.12b
Debt
| Interest coverage ratio | 8.5x |
| Cash | US$209.98m |
| Equity | US$800.35m |
| Total liabilities | US$1.81b |
| Total assets | US$2.61b |
Recent financial health updates
These 4 Measures Indicate That Hovnanian Enterprises (NYSE:HOV) Is Using Debt Extensively
Aug 18
Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
Feb 06Here's Why Hovnanian Enterprises (NYSE:HOV) Has A Meaningful Debt Burden
Nov 03Hovnanian Enterprises (NYSE:HOV) Takes On Some Risk With Its Use Of Debt
Jul 13Does Hovnanian Enterprises (NYSE:HOV) Have A Healthy Balance Sheet?
Dec 31Recent updates
Impressive Earnings May Not Tell The Whole Story For Hovnanian Enterprises (NYSE:HOV)
Dec 26Earnings Working Against Hovnanian Enterprises, Inc.'s (NYSE:HOV) Share Price Following 26% Dive
Dec 22Hovnanian Enterprises (NYSE:HOV) Is Looking To Continue Growing Its Returns On Capital
Dec 06These 4 Measures Indicate That Hovnanian Enterprises (NYSE:HOV) Is Using Debt Extensively
Aug 18There's No Escaping Hovnanian Enterprises, Inc.'s (NYSE:HOV) Muted Earnings Despite A 27% Share Price Rise
Jul 21Hovnanian Enterprises (NYSE:HOV) Is Looking To Continue Growing Its Returns On Capital
Jul 12Hovnanian Enterprises, Inc. (NYSE:HOV) Could Be Riskier Than It Looks
May 23Hovnanian Enterprises Preferred Stock Diversity Comes With Risks
Apr 06Hovnanian Enterprises (NYSE:HOV) Is Doing The Right Things To Multiply Its Share Price
Feb 23Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
Feb 06Investors Still Aren't Entirely Convinced By Hovnanian Enterprises, Inc.'s (NYSE:HOV) Earnings Despite 36% Price Jump
Jan 04Here's Why Hovnanian Enterprises (NYSE:HOV) Has A Meaningful Debt Burden
Nov 03Hovnanian's Valuation, Ownership, And Debt Concerns: Is It A Viable Investment?
Sep 28Hovnanian Enterprises (NYSE:HOV) Might Have The Makings Of A Multi-Bagger
Sep 05Hovnanian Enterprises (NYSE:HOV) Takes On Some Risk With Its Use Of Debt
Jul 13Buy Homebuilder Hovnanian, It's Still A Solid Value Play
Jun 02It's Unlikely That Hovnanian Enterprises, Inc.'s (NYSE:HOV) CEO Will See A Huge Pay Rise This Year
Mar 22Hovnanian Enterprises (NYSE:HOV) Is Experiencing Growth In Returns On Capital
Jan 25Does Hovnanian Enterprises (NYSE:HOV) Have A Healthy Balance Sheet?
Dec 31Financial Position Analysis
Short Term Liabilities: HOV's short term assets ($2.1B) exceed its short term liabilities ($564.9M).
Long Term Liabilities: HOV's short term assets ($2.1B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HOV's net debt to equity ratio (113.5%) is considered high.
Reducing Debt: HOV had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: HOV's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: HOV's interest payments on its debt are well covered by EBIT (8.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 06:20 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/10/31 |
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
Hovnanian Enterprises, Inc. is covered by 15 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 |
|---|---|
| Megan Talbott McGrath | Barclays |
| Jonathan Ellis | BofA Global Research |
| Megan Talbott McGrath | Buckingham Research Group Inc. |