AMCON Distributing Balance Sheet Health
Financial Health criteria checks 3/6
AMCON Distributing has a total shareholder equity of $116.0M and total debt of $119.7M, which brings its debt-to-equity ratio to 103.2%. Its total assets and total liabilities are $336.2M and $220.2M respectively. AMCON Distributing's EBIT is $22.3M making its interest coverage ratio 2.4. It has cash and short-term investments of $951.5K.
Key information
103.2%
Debt to equity ratio
US$119.73m
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$951.52k |
| Equity | US$115.96m |
| Total liabilities | US$220.19m |
| Total assets | US$336.16m |
Recent financial health updates
AMCON Distributing (NYSEMKT:DIT) Takes On Some Risk With Its Use Of Debt
Mar 27
AMCON Distributing (NYSEMKT:DIT) Use Of Debt Could Be Considered Risky
Dec 04
Recent updates
A Look At The Fair Value Of AMCON Distributing Company (NYSEMKT:DIT)
Apr 29AMCON Distributing (NYSEMKT:DIT) Takes On Some Risk With Its Use Of Debt
Mar 27The Trends At AMCON Distributing (NYSEMKT:DIT) That You Should Know About
Mar 12I Ran A Stock Scan For Earnings Growth And AMCON Distributing (NYSEMKT:DIT) Passed With Ease
Feb 25Is AMCON Distributing Company (NYSEMKT:DIT) An Attractive Dividend Stock?
Feb 12There's A Lot To Like About AMCON Distributing's (NYSEMKT:DIT) Upcoming US$0.18 Dividend
Jan 30Do Its Financials Have Any Role To Play In Driving AMCON Distributing Company's (NYSEMKT:DIT) Stock Up Recently?
Jan 23The AMCON Distributing (NYSEMKT:DIT) Share Price Is Up 35% And Shareholders Are Holding On
Jan 10AMCON Distributing Company (NYSEMKT:DIT) Will Pay A US$5.00 Dividend In Four Days
Dec 26What Did AMCON Distributing's (NYSEMKT:DIT) CEO Take Home Last Year?
Dec 19AMCON Distributing (NYSEMKT:DIT) Use Of Debt Could Be Considered Risky
Dec 04Here's Why I Think AMCON Distributing (NYSEMKT:DIT) Is An Interesting Stock
Nov 19Financial Position Analysis
Short Term Liabilities: DIT's short term assets ($205.2M) exceed its short term liabilities ($82.1M).
Long Term Liabilities: DIT's short term assets ($205.2M) exceed its long term liabilities ($138.1M).
Debt to Equity History and Analysis
Debt Level: DIT's net debt to equity ratio (102.4%) is considered high.
Reducing Debt: DIT's debt to equity ratio has increased from 33% to 103.2% over the past 5 years.
Debt Coverage: DIT's debt is well covered by operating cash flow (25.5%).
Interest Coverage: DIT's interest payments on its debt are not well covered by EBIT (2.4x coverage).