Boart Longyear Group Balance Sheet Health
Financial Health criteria checks 4/6
Boart Longyear Group has a total shareholder equity of $292.1M and total debt of $208.0M, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are $824.3M and $532.1M respectively. Boart Longyear Group's EBIT is $60.4M making its interest coverage ratio 2.6. It has cash and short-term investments of $47.9M.
Key information
71.2%
Debt to equity ratio
US$207.98m
Debt
| Interest coverage ratio | 2.6x |
| Cash | US$47.91m |
| Equity | US$292.11m |
| Total liabilities | US$532.15m |
| Total assets | US$824.25m |
Recent financial health updates
Boart Longyear Group (ASX:BLY) Has A Somewhat Strained Balance Sheet
May 16
We Think Boart Longyear Group (ASX:BLY) Is Taking Some Risk With Its Debt
Sep 20Recent updates
Improved Revenues Required Before Boart Longyear Group Ltd. (ASX:BLY) Stock's 32% Jump Looks Justified
Dec 27The Return Trends At Boart Longyear Group (ASX:BLY) Look Promising
Nov 23Calculating The Intrinsic Value Of Boart Longyear Group Ltd. (ASX:BLY)
Oct 10Boart Longyear Group's (ASX:BLY) Returns On Capital Are Heading Higher
Jun 26Boart Longyear Group (ASX:BLY) Has A Somewhat Strained Balance Sheet
May 16Investors Will Want Boart Longyear Group's (ASX:BLY) Growth In ROCE To Persist
Nov 09We Think Boart Longyear Group (ASX:BLY) Is Taking Some Risk With Its Debt
Sep 20We Like These Underlying Return On Capital Trends At Boart Longyear Group (ASX:BLY)
Mar 21Boart Longyear's (ASX:BLY) Returns On Capital Are Heading Higher
Sep 08Here's Why Shareholders May Want To Be Cautious With Increasing Boart Longyear Limited's (ASX:BLY) CEO Pay Packet
May 19Returns At Boart Longyear (ASX:BLY) Are On The Way Up
Mar 22We Like These Underlying Trends At Boart Longyear (ASX:BLY)
Dec 07Financial Position Analysis
Short Term Liabilities: BLY's short term assets ($434.6M) exceed its short term liabilities ($226.0M).
Long Term Liabilities: BLY's short term assets ($434.6M) exceed its long term liabilities ($306.2M).
Debt to Equity History and Analysis
Debt Level: BLY's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: BLY had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: BLY's debt is well covered by operating cash flow (26.8%).
Interest Coverage: BLY's interest payments on its debt are not well covered by EBIT (2.6x coverage).