South32 Balance Sheet Health
Financial Health criteria checks 4/6
South32 has a total shareholder equity of $9.2B and total debt of $1.1B, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are $14.4B and $5.2B respectively. South32's EBIT is $557.0M making its interest coverage ratio -5.4. It has cash and short-term investments of $702.0M.
Key information
12.0%
Debt to equity ratio
US$1.11b
Debt
| Interest coverage ratio | -5.4x |
| Cash | US$702.00m |
| Equity | US$9.23b |
| Total liabilities | US$5.17b |
| Total assets | US$14.40b |
Recent financial health updates
Here's Why South32 (ASX:S32) Can Manage Its Debt Responsibly
Nov 25
Is South32 (ASX:S32) Using Too Much Debt?
Aug 25Is South32 (ASX:S32) A Risky Investment?
Apr 24South32 (ASX:S32) Has A Rock Solid Balance Sheet
Nov 06Is South32 (ASX:S32) Using Too Much Debt?
Jun 07South32 (ASX:S32) Has A Rock Solid Balance Sheet
Mar 08Recent updates
A Look At The Fair Value Of South32 Limited (ASX:S32)
Apr 10Benign Growth For South32 Limited (ASX:S32) Underpins Its Share Price
Mar 14Is There An Opportunity With South32 Limited's (ASX:S32) 46% Undervaluation?
Dec 20Here's Why South32 (ASX:S32) Can Manage Its Debt Responsibly
Nov 25Is South32 (ASX:S32) Using Too Much Debt?
Aug 25South32 Limited's (ASX:S32) Intrinsic Value Is Potentially 89% Above Its Share Price
May 10Is South32 (ASX:S32) A Risky Investment?
Apr 24Does South32 (ASX:S32) Deserve A Spot On Your Watchlist?
Feb 15Estimating The Fair Value Of South32 Limited (ASX:S32)
Jan 24South32 (ASX:S32) Has A Rock Solid Balance Sheet
Nov 06South32 Limited's (ASX:S32) CEO Will Probably Have Their Compensation Approved By Shareholders
Oct 20Is There An Opportunity With South32 Limited's (ASX:S32) 46% Undervaluation?
Oct 04Here's Why South32 (ASX:S32) Has Caught The Eye Of Investors
Sep 16Are Investors Undervaluing South32 Limited (ASX:S32) By 34%?
Jun 28Is South32 (ASX:S32) Using Too Much Debt?
Jun 07Calculating The Intrinsic Value Of South32 Limited (ASX:S32)
Mar 29South32 (ASX:S32) Has A Rock Solid Balance Sheet
Mar 08Are Investors Undervaluing South32 Limited (ASX:S32) By 50%?
Dec 04Is South32 (ASX:S32) Using Too Much Debt?
Nov 07We Think South32's (ASX:S32) Solid Earnings Are Understated
Aug 25Investors Could Be Concerned With South32's (ASX:S32) Returns On Capital
Aug 19Financial Position Analysis
Short Term Liabilities: S32's short term assets ($2.7B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: S32's short term assets ($2.7B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: S32's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: S32's debt to equity ratio has increased from 3.1% to 12% over the past 5 years.
Debt Coverage: S32's debt is well covered by operating cash flow (72.2%).
Interest Coverage: S32 earns more interest than it pays, so coverage of interest payments is not a concern.