Spartan Delta Balance Sheet Health
Financial Health criteria checks 5/6
Spartan Delta has a total shareholder equity of CA$429.7M and total debt of CA$44.5M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CA$819.5M and CA$389.8M respectively. Spartan Delta's EBIT is CA$240.5M making its interest coverage ratio 14.8. It has cash and short-term investments of CA$406.0K.
Key information
10.4%
Debt to equity ratio
CA$44.48m
Debt
Interest coverage ratio | 14.8x |
Cash | CA$406.00k |
Equity | CA$429.72m |
Total liabilities | CA$389.81m |
Total assets | CA$819.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SDE's short term assets (CA$221.8M) do not cover its short term liabilities (CA$250.2M).
Long Term Liabilities: SDE's short term assets (CA$221.8M) exceed its long term liabilities (CA$139.6M).
Debt to Equity History and Analysis
Debt Level: SDE's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: SDE's debt to equity ratio has reduced from 65.7% to 10.4% over the past 5 years.
Debt Coverage: SDE's debt is well covered by operating cash flow (1069.5%).
Interest Coverage: SDE's interest payments on its debt are well covered by EBIT (14.8x coverage).