Flanigan's Enterprises Balance Sheet Health
Financial Health criteria checks 5/6
Flanigan's Enterprises has a total shareholder equity of $74.2M and total debt of $22.8M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are $145.9M and $71.8M respectively. Flanigan's Enterprises's EBIT is $6.6M making its interest coverage ratio 7.2. It has cash and short-term investments of $26.9M.
Key information
30.8%
Debt to equity ratio
US$22.82m
Debt
Interest coverage ratio | 7.2x |
Cash | US$26.90m |
Equity | US$74.18m |
Total liabilities | US$71.76m |
Total assets | US$145.94m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: BDL's short term assets ($36.2M) exceed its short term liabilities ($24.3M).
Long Term Liabilities: BDL's short term assets ($36.2M) do not cover its long term liabilities ($47.4M).
Debt to Equity History and Analysis
Debt Level: BDL has more cash than its total debt.
Reducing Debt: BDL's debt to equity ratio has reduced from 36.3% to 30.8% over the past 5 years.
Debt Coverage: BDL's debt is well covered by operating cash flow (26.6%).
Interest Coverage: BDL's interest payments on its debt are well covered by EBIT (7.2x coverage).