American Shared Hospital Services Balance Sheet Health
Financial Health criteria checks 5/6
American Shared Hospital Services has a total shareholder equity of $26.3M and total debt of $15.6M, which brings its debt-to-equity ratio to 59.5%. Its total assets and total liabilities are $48.2M and $21.9M respectively. American Shared Hospital Services's EBIT is $2.3M making its interest coverage ratio 3.4. It has cash and short-term investments of $13.7M.
Key information
59.5%
Debt to equity ratio
US$15.63m
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$13.69m |
| Equity | US$26.28m |
| Total liabilities | US$21.88m |
| Total assets | US$48.16m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AMS's short term assets ($20.5M) exceed its short term liabilities ($10.8M).
Long Term Liabilities: AMS's short term assets ($20.5M) exceed its long term liabilities ($11.1M).
Debt to Equity History and Analysis
Debt Level: AMS's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: AMS's debt to equity ratio has increased from 17.6% to 59.5% over the past 5 years.
Debt Coverage: AMS's debt is well covered by operating cash flow (36.6%).
Interest Coverage: AMS's interest payments on its debt are well covered by EBIT (3.4x coverage).