Envela Balance Sheet Health
Financial Health criteria checks 6/6
Envela has a total shareholder equity of $51.1M and total debt of $13.8M, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are $77.4M and $26.3M respectively. Envela's EBIT is $7.9M making its interest coverage ratio -32.4. It has cash and short-term investments of $17.8M.
Key information
27.1%
Debt to equity ratio
US$13.84m
Debt
| Interest coverage ratio | -32.4x |
| Cash | US$17.75m |
| Equity | US$51.12m |
| Total liabilities | US$26.27m |
| Total assets | US$77.39m |
Recent financial health updates
These 4 Measures Indicate That Envela (NYSEMKT:ELA) Is Using Debt Reasonably Well
Apr 29
Does Envela (NYSEMKT:ELA) Have A Healthy Balance Sheet?
Jan 05
Recent updates
These 4 Measures Indicate That Envela (NYSEMKT:ELA) Is Using Debt Reasonably Well
Apr 29Are Investors Undervaluing Envela Corporation (NYSEMKT:ELA) By 50%?
Mar 14Is Now The Time To Put Envela (NYSEMKT:ELA) On Your Watchlist?
Feb 22Envela Corporation's (NYSEMKT:ELA) Stock Is Going Strong: Is the Market Following Fundamentals?
Feb 01Does Envela (NYSEMKT:ELA) Have A Healthy Balance Sheet?
Jan 05Financial Position Analysis
Short Term Liabilities: ELA's short term assets ($51.5M) exceed its short term liabilities ($10.8M).
Long Term Liabilities: ELA's short term assets ($51.5M) exceed its long term liabilities ($15.5M).
Debt to Equity History and Analysis
Debt Level: ELA has more cash than its total debt.
Reducing Debt: ELA's debt to equity ratio has reduced from 94.9% to 27.1% over the past 5 years.
Debt Coverage: ELA's debt is well covered by operating cash flow (63.7%).
Interest Coverage: ELA earns more interest than it pays, so coverage of interest payments is not a concern.