Smith-Midland Balance Sheet Health
Financial Health criteria checks 6/6
Smith-Midland has a total shareholder equity of $40.3M and total debt of $5.3M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are $66.6M and $26.3M respectively. Smith-Midland's EBIT is $8.6M making its interest coverage ratio 44. It has cash and short-term investments of $9.0M.
Key information
13.1%
Debt to equity ratio
US$5.28m
Debt
| Interest coverage ratio | 44x |
| Cash | US$9.01m |
| Equity | US$40.34m |
| Total liabilities | US$26.29m |
| Total assets | US$66.63m |
Recent financial health updates
Smith-Midland (NASDAQ:SMID) Seems To Use Debt Quite Sensibly
Dec 20
Here's Why Smith-Midland (NASDAQ:SMID) Has A Meaningful Debt Burden
Mar 20Recent updates
Smith-Midland (NASDAQ:SMID) Seems To Use Debt Quite Sensibly
Dec 20Revenues Tell The Story For Smith-Midland Corporation (NASDAQ:SMID) As Its Stock Soars 26%
Sep 14Smith-Midland: Volatility And Price Make This Prospect Unappealing
Sep 11Here's Why Smith-Midland (NASDAQ:SMID) Has A Meaningful Debt Burden
Mar 20Smith-Midland Corporation's (NASDAQ:SMID) P/S Is Still On The Mark Following 26% Share Price Bounce
Dec 28Smith-Midland (NASDAQ:SMID) Might Be Having Difficulty Using Its Capital Effectively
Dec 01Smith-Midland (NASDAQ:SMID) Takes On Some Risk With Its Use Of Debt
Nov 15Smith-Midland (NASDAQ:SMID) May Have Issues Allocating Its Capital
Jun 27Returns On Capital At Smith-Midland (NASDAQ:SMID) Paint A Concerning Picture
Mar 19We Think Smith-Midland (NASDAQ:SMID) Is Taking Some Risk With Its Debt
Dec 24Smith-Midland Is A Good Company But It Is Extremely Overvalued
Sep 26Smith-Midland subsidiary gets license agreement with Critical Precast Structures
Sep 15Is Smith-Midland (NASDAQ:SMID) Using Too Much Debt?
Sep 14Returns On Capital Signal Tricky Times Ahead For Smith-Midland (NASDAQ:SMID)
Jul 29Smith-Midland nabs multiple contracts worth $8.9M
Jul 28Here's Why Smith-Midland (NASDAQ:SMID) Can Manage Its Debt Responsibly
Jun 07Smith-Midland: The Triple Play - Macro Tailwinds, Governmental Mandates, And A Fundamental Business Shift
Mar 31If You Like EPS Growth Then Check Out Smith-Midland (NASDAQ:SMID) Before It's Too Late
Jan 27Smith-Midland Corporation: Nothing Special
Jan 21Smith-Midland (NASDAQ:SMID) Could Easily Take On More Debt
Dec 24Smith-Midland (NASDAQ:SMID) Has Some Way To Go To Become A Multi-Bagger
Nov 18Smith-Midland: An Undiscovered Infrastructure Winner
Oct 12Is Smith-Midland (NASDAQ:SMID) Using Too Much Debt?
Sep 14Returns At Smith-Midland (NASDAQ:SMID) Are On The Way Up
Aug 10With EPS Growth And More, Smith-Midland (NASDAQ:SMID) Is Interesting
Jul 16Estimating The Intrinsic Value Of Smith-Midland Corporation (NASDAQ:SMID)
Jun 02The Strong Earnings Posted By Smith-Midland (NASDAQ:SMID) Are A Good Indication Of The Strength Of The Business
May 18Returns On Capital Are Showing Encouraging Signs At Smith-Midland (NASDAQ:SMID)
Mar 30Smith-Midland Corporation's (NASDAQ:SMID) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Mar 02Smith-Midland (NASDAQ:SMID) Could Easily Take On More Debt
Feb 09Can You Imagine How Jubilant Smith-Midland's (NASDAQ:SMID) Shareholders Feel About Its 257% Share Price Gain?
Jan 19What We Make Of Smith-Midland's (NASDAQ:SMID) Returns On Capital
Dec 28
Financial Position Analysis
Short Term Liabilities: SMID's short term assets ($35.0M) exceed its short term liabilities ($12.6M).
Long Term Liabilities: SMID's short term assets ($35.0M) exceed its long term liabilities ($13.7M).
Debt to Equity History and Analysis
Debt Level: SMID has more cash than its total debt.
Reducing Debt: SMID's debt to equity ratio has reduced from 22.2% to 13.1% over the past 5 years.
Debt Coverage: SMID's debt is well covered by operating cash flow (190.7%).
Interest Coverage: SMID's interest payments on its debt are well covered by EBIT (44x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 23:08 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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
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Analyst Sources
Smith-Midland Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
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