Solvar Balance Sheet Health
Financial Health criteria checks 1/6
Solvar has a total shareholder equity of A$374.3M and total debt of A$620.3M, which brings its debt-to-equity ratio to 165.7%. Its total assets and total liabilities are A$1.0B and A$646.3M respectively. Solvar's EBIT is A$121.9M making its interest coverage ratio 1.8. It has cash and short-term investments of A$127.0M.
Key information
165.7%
Debt to equity ratio
AU$620.29m
Debt
Interest coverage ratio | 1.8x |
Cash | AU$127.04m |
Equity | AU$374.34m |
Total liabilities | AU$646.32m |
Total assets | AU$1.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SVR's short term assets (A$388.2M) exceed its short term liabilities (A$188.6M).
Long Term Liabilities: SVR's short term assets (A$388.2M) do not cover its long term liabilities (A$457.8M).
Debt to Equity History and Analysis
Debt Level: SVR's net debt to equity ratio (131.8%) is considered high.
Reducing Debt: SVR's debt to equity ratio has increased from 42% to 165.7% over the past 5 years.
Debt Coverage: SVR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SVR's interest payments on its debt are not well covered by EBIT (1.8x coverage).