Bisalloy Steel Group Balance Sheet Health
Financial Health criteria checks 6/6
Bisalloy Steel Group has a total shareholder equity of A$73.5M and total debt of A$12.4M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are A$117.4M and A$43.9M respectively. Bisalloy Steel Group's EBIT is A$18.9M making its interest coverage ratio 21.3. It has cash and short-term investments of A$651.0K.
Key information
16.8%
Debt to equity ratio
AU$12.36m
Debt
| Interest coverage ratio | 21.3x |
| Cash | AU$651.00k |
| Equity | AU$73.49m |
| Total liabilities | AU$43.88m |
| Total assets | AU$117.37m |
Recent financial health updates
Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly
Apr 15
We Think Bisalloy Steel Group (ASX:BIS) Can Stay On Top Of Its Debt
Nov 01Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly
Jun 11Does Bisalloy Steel Group (ASX:BIS) Have A Healthy Balance Sheet?
Mar 06Recent updates
Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly
Apr 15Why We Like The Returns At Bisalloy Steel Group (ASX:BIS)
Jan 30We Think Bisalloy Steel Group (ASX:BIS) Can Stay On Top Of Its Debt
Nov 01Bisalloy Steel Group's (ASX:BIS) Dividend Will Be A$0.04
Feb 26Bisalloy Steel Group (ASX:BIS) Knows How To Allocate Capital Effectively
Apr 27Here's Why I Think Bisalloy Steel Group (ASX:BIS) Is An Interesting Stock
Mar 16Bisalloy Steel Group's (ASX:BIS) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 20Here's Why I Think Bisalloy Steel Group (ASX:BIS) Might Deserve Your Attention Today
Oct 18Bisalloy Steel Group (ASX:BIS) Has Announced That It Will Be Increasing Its Dividend To AU$0.09
Sep 27Returns On Capital Are A Standout For Bisalloy Steel Group (ASX:BIS)
Sep 16Bisalloy Steel Group (ASX:BIS) Is Increasing Its Dividend To AU$0.09
Aug 27Here's Why Bisalloy Steel Group (ASX:BIS) Can Manage Its Debt Responsibly
Jun 11Bisalloy Steel Group (ASX:BIS) Is Looking To Continue Growing Its Returns On Capital
Apr 30Key Things To Consider Before Buying Bisalloy Steel Group Limited (ASX:BIS) For Its Dividend
Apr 12Trade Alert: The Non-Executive Director Of Bisalloy Steel Group Limited (ASX:BIS), Ian Greenyer, Has Just Spent AU$92k Buying A Few More Shares
Mar 18Does Bisalloy Steel Group (ASX:BIS) Have A Healthy Balance Sheet?
Mar 06Bisalloy Steel Group Limited (ASX:BIS) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Feb 16
What Can The Trends At Bisalloy Steel Group (ASX:BIS) Tell Us About Their Returns?
Jan 30Is Bisalloy Steel Group Limited's (ASX:BIS) 3.9% Dividend Worth Your Time?
Jan 12Shareholders Of Bisalloy Steel Group (ASX:BIS) Must Be Happy With Their 263% Total Return
Dec 25Bisalloy Steel Group Limited (ASX:BIS) Insiders Have Been Selling
Dec 12Should You Rely On Bisalloy Steel Group's (ASX:BIS) Earnings Growth?
Nov 28Financial Position Analysis
Short Term Liabilities: BIS's short term assets (A$78.6M) exceed its short term liabilities (A$36.9M).
Long Term Liabilities: BIS's short term assets (A$78.6M) exceed its long term liabilities (A$7.0M).
Debt to Equity History and Analysis
Debt Level: BIS's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: BIS's debt to equity ratio has reduced from 49.6% to 16.8% over the past 5 years.
Debt Coverage: BIS's debt is well covered by operating cash flow (72.6%).
Interest Coverage: BIS's interest payments on its debt are well covered by EBIT (21.3x coverage).