Hennessy Advisors Balance Sheet Health
Financial Health criteria checks 4/6
Hennessy Advisors has a total shareholder equity of $88.2M and total debt of $39.2M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are $145.0M and $56.8M respectively. Hennessy Advisors's EBIT is $6.2M making its interest coverage ratio -10.6. It has cash and short-term investments of $59.6M.
Key information
44.5%
Debt to equity ratio
US$39.24m
Debt
| Interest coverage ratio | -10.6x |
| Cash | US$59.62m |
| Equity | US$88.16m |
| Total liabilities | US$56.85m |
| Total assets | US$145.01m |
Recent financial health updates
No updates
Recent updates
Hennessy Advisors (NASDAQ:HNNA) Is Due To Pay A Dividend Of $0.1375
Oct 31
Hennessy Advisors (NASDAQ:HNNA) Has Announced A Dividend Of $0.1375
Aug 11Hennessy Advisors' (NASDAQ:HNNA) Dividend Will Be $0.1375
May 14Hennessy Advisors (NASDAQ:HNNA) Has Announced A Dividend Of $0.1375
Feb 13Hennessy Advisors (NASDAQ:HNNA) Is Paying Out A Dividend Of $0.1375
Aug 07Shareholders May Be More Conservative With Hennessy Advisors, Inc.'s (NASDAQ:HNNA) CEO Compensation For Now
Feb 04Hennessy Advisors (NASDAQ:HNNA) Has Re-Affirmed Its Dividend Of US$0.14
Aug 08Does Hennessy Advisors, Inc. (NASDAQ:HNNA) Have A Place In Your Dividend Portfolio?
Mar 16We Wouldn't Be Too Quick To Buy Hennessy Advisors, Inc. (NASDAQ:HNNA) Before It Goes Ex-Dividend
Feb 18
Hennessy Advisors'(NASDAQ:HNNA) Share Price Is Down 53% Over The Past Five Years.
Jan 23This Insider Has Just Sold Shares In Hennessy Advisors, Inc. (NASDAQ:HNNA)
Jan 02How Much Did Hennessy Advisors' (NASDAQ:HNNA) CEO Pocket Last Year?
Dec 22Hennessy Advisors reports FY results
Dec 01The Attractive Combination That Could Earn Hennessy Advisors, Inc. (NASDAQ:HNNA) A Place In Your Dividend Portfolio
Dec 01Hennessy Advisors declares $0.1375 dividend
Oct 30Financial Position Analysis
Short Term Liabilities: HNNA's short term assets ($62.9M) exceed its short term liabilities ($2.8M).
Long Term Liabilities: HNNA's short term assets ($62.9M) exceed its long term liabilities ($54.1M).
Debt to Equity History and Analysis
Debt Level: HNNA has more cash than its total debt.
Reducing Debt: HNNA's debt to equity ratio has increased from 28% to 44.5% over the past 5 years.
Debt Coverage: HNNA's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: HNNA earns more interest than it pays, so coverage of interest payments is not a concern.