Hovnanian Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Hovnanian Enterprises has a total shareholder equity of $647.0M and total debt of $1.1B, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are $2.3B and $1.7B respectively. Hovnanian Enterprises's EBIT is $287.6M making its interest coverage ratio 6.5. It has cash and short-term investments of $182.0M.
Key information
170.0%
Debt to equity ratio
US$1.10b
Debt
| Interest coverage ratio | 6.5x |
| Cash | US$181.97m |
| Equity | US$647.05m |
| Total liabilities | US$1.67b |
| Total assets | US$2.32b |
Recent financial health updates
Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
Feb 06
Here'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 31These 4 Measures Indicate That Hovnanian Enterprises (NYSE:HOV) Is Using Debt Extensively
Aug 13Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
May 05Recent updates
There'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 31Hovnanian Enterprises: Home-Ageddon Is Upon It
Dec 21Hovnanian GAAP EPS of $7.24, revenue of $886.79M
Dec 08Returns Are Gaining Momentum At Hovnanian Enterprises (NYSE:HOV)
Oct 18Hovnanian GAAP EPS of $10.82, revenue of $767.59M
Sep 01These 4 Measures Indicate That Hovnanian Enterprises (NYSE:HOV) Is Using Debt Extensively
Aug 13Investors Will Want Hovnanian Enterprises' (NYSE:HOV) Growth In ROCE To Persist
Jul 06Buy Homebuilder Hovnanian. Under The Radar, And Under Suspicion
Jun 05Hovnanian Enterprises (NYSE:HOV) Has A Somewhat Strained Balance Sheet
May 05Hovnanian Enterprises (NYSE:HOV) Might Have The Makings Of A Multi-Bagger
Apr 06Financial Position Analysis
Short Term Liabilities: HOV's short term assets ($1.8B) exceed its short term liabilities ($455.8M).
Long Term Liabilities: HOV's short term assets ($1.8B) exceed its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: HOV's net debt to equity ratio (141.9%) 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 well covered by operating cash flow (33.6%).
Interest Coverage: HOV's interest payments on its debt are well covered by EBIT (6.5x coverage).