Smith-Midland Balance Sheet Health
Financial Health criteria checks 4/6
Smith-Midland has a total shareholder equity of $33.8M and total debt of $5.9M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are $57.7M and $23.8M respectively. Smith-Midland's EBIT is $502.0K making its interest coverage ratio 2.1. It has cash and short-term investments of $5.8M.
Key information
17.4%
Debt to equity ratio
US$5.89m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$5.85m |
| Equity | US$33.82m |
| Total liabilities | US$23.84m |
| Total assets | US$57.65m |
Recent financial health updates
Here's Why Smith-Midland (NASDAQ:SMID) Has A Meaningful Debt Burden
Mar 20
Smith-Midland (NASDAQ:SMID) Takes On Some Risk With Its Use Of Debt
Nov 15Recent updates
Here'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
Smith-Midland Corporation's (NASDAQ:SMID) Price Is Right But Growth Is Lacking
Dec 10Our Take On Smith-Midland's (NASDAQ:SMID) CEO Salary
Nov 19Financial Position Analysis
Short Term Liabilities: SMID's short term assets ($29.9M) exceed its short term liabilities ($12.9M).
Long Term Liabilities: SMID's short term assets ($29.9M) exceed its long term liabilities ($10.9M).
Debt to Equity History and Analysis
Debt Level: SMID's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: SMID's debt to equity ratio has reduced from 18.7% to 17.4% over the past 5 years.
Debt Coverage: SMID's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: SMID's interest payments on its debt are not well covered by EBIT (2.1x coverage).