Seagate Technology Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Seagate Technology Holdings has a total shareholder equity of $-1.3B and total debt of $5.7B, which brings its debt-to-equity ratio to -436.6%. Its total assets and total liabilities are $8.0B and $9.3B respectively. Seagate Technology Holdings's EBIT is $959.0M making its interest coverage ratio 3.1. It has cash and short-term investments of $1.2B.
Key information
-436.6%
Debt to equity ratio
US$5.68b
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$1.24b |
| Equity | -US$1.30b |
| Total liabilities | US$9.27b |
| Total assets | US$7.97b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S1TX34 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: S1TX34 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: S1TX34 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: S1TX34's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: S1TX34's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: S1TX34's interest payments on its debt are well covered by EBIT (3.1x coverage).