Spartan Delta Balance Sheet Health
Financial Health criteria checks 4/6
Spartan Delta has a total shareholder equity of CA$464.4M and total debt of CA$104.1M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CA$921.7M and CA$457.3M respectively. Spartan Delta's EBIT is CA$64.4M making its interest coverage ratio 7.3. It has cash and short-term investments of CA$351.0K.
Key information
22.4%
Debt to equity ratio
CA$104.13m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CA$351.00k |
| Equity | CA$464.37m |
| Total liabilities | CA$457.34m |
| Total assets | CA$921.71m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SDE's short term assets (CA$201.8M) do not cover its short term liabilities (CA$251.1M).
Long Term Liabilities: SDE's short term assets (CA$201.8M) do not cover its long term liabilities (CA$206.3M).
Debt to Equity History and Analysis
Debt Level: SDE's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: SDE's debt to equity ratio has reduced from 168.1% to 22.4% over the past 5 years.
Debt Coverage: SDE's debt is well covered by operating cash flow (172%).
Interest Coverage: SDE's interest payments on its debt are well covered by EBIT (7.3x coverage).