South32 Balance Sheet Health
Financial Health criteria checks 5/6
South32 has a total shareholder equity of $9.0B and total debt of $894.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are $14.2B and $5.3B respectively. South32's EBIT is $54.0M making its interest coverage ratio -0.5. It has cash and short-term investments of $842.0M.
Key information
10.0%
Debt to equity ratio
US$894.00m
Debt
| Interest coverage ratio | -0.5x |
| Cash | US$842.00m |
| Equity | US$8.97b |
| Total liabilities | US$5.27b |
| Total assets | US$14.25b |
Recent financial health updates
We Think South32 (ASX:S32) Can Stay On Top Of Its Debt
May 21
Here's Why South32 (ASX:S32) Can Manage Its Debt Responsibly
Nov 25Is 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 07Recent updates
Shareholders Will Probably Not Have Any Issues With South32 Limited's (ASX:S32) CEO Compensation
Oct 17Analysts Have Just Cut Their South32 Limited (ASX:S32) Revenue Estimates By 19%
Sep 06We Think South32 (ASX:S32) Can Stay On Top Of Its Debt
May 21A 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 29Financial Position Analysis
Short Term Liabilities: S32's short term assets ($4.4B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: S32's short term assets ($4.4B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: S32's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: S32's debt to equity ratio has increased from 3.6% to 10% over the past 5 years.
Debt Coverage: S32's debt is well covered by operating cash flow (125.2%).
Interest Coverage: S32 earns more interest than it pays, so coverage of interest payments is not a concern.