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
No updates
Recent updates
Financial 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).