Simonds Group Balance Sheet Health
Financial Health criteria checks 5/6
Simonds Group has a total shareholder equity of A$18.5M and total debt of A$843.0K, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are A$158.3M and A$139.8M respectively. Simonds Group's EBIT is A$6.6M making its interest coverage ratio 3. It has cash and short-term investments of A$1.6M.
Key information
4.6%
Debt to equity ratio
AU$843.00k
Debt
| Interest coverage ratio | 3x |
| Cash | AU$1.65m |
| Equity | AU$18.51m |
| Total liabilities | AU$139.79m |
| Total assets | AU$158.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIO's short term assets (A$136.2M) exceed its short term liabilities (A$128.0M).
Long Term Liabilities: SIO's short term assets (A$136.2M) exceed its long term liabilities (A$11.8M).
Debt to Equity History and Analysis
Debt Level: SIO has more cash than its total debt.
Reducing Debt: SIO's debt to equity ratio has reduced from 69.2% to 4.6% over the past 5 years.
Debt Coverage: SIO's debt is well covered by operating cash flow (314.4%).
Interest Coverage: SIO's interest payments on its debt are not well covered by EBIT (3x coverage).