Superior Plus Balance Sheet Health
Financial Health criteria checks 1/6
Superior Plus has a total shareholder equity of $1.1B and total debt of $1.7B, which brings its debt-to-equity ratio to 148.7%. Its total assets and total liabilities are $3.7B and $2.5B respectively. Superior Plus's EBIT is $197.4M making its interest coverage ratio 1.9. It has cash and short-term investments of $42.0M.
Key information
148.7%
Debt to equity ratio
US$1.70b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$42.00m |
| Equity | US$1.15b |
| Total liabilities | US$2.54b |
| Total assets | US$3.69b |
Recent financial health updates
We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt
Apr 04
Is Superior Plus (TSE:SPB) Using Too Much Debt?
Dec 25Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet
Jun 22Recent updates
We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt
Apr 04Cautious Investors Not Rewarding Superior Plus Corp.'s (TSE:SPB) Performance Completely
Feb 28
Organic Growth Strategies Will Transform Propane Business By 2027
Feb 20 Superior Plus is emphasizing organic growth and operational efficiency over acquisitions to realize sustainable revenue growth and enhanced earnings.Superior Plus' (TSE:SPB) Dividend Will Be Reduced To $0.045
Dec 14Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues
Nov 08Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of $0.18
Aug 19Is It Too Late To Consider Buying Superior Plus Corp. (TSE:SPB)?
Jul 25Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues
Jan 16Is Superior Plus (TSE:SPB) Using Too Much Debt?
Dec 25Are Investors Undervaluing Superior Plus Corp. (TSE:SPB) By 43%?
Aug 04Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet
Jun 22Superior Plus' (TSE:SPB) Dividend Will Be CA$0.06
Mar 14Superior Plus (TSE:SPB) Is Paying Out A Dividend Of CA$0.06
Feb 13Superior Plus (TSE:SPB) Will Pay A Dividend Of CA$0.06
Jan 20Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of CA$0.06
Dec 26Superior Plus (TSE:SPB) Will Pay A Dividend Of CA$0.06
Dec 11Superior Plus (TSE:SPB) Is Due To Pay A Dividend Of CA$0.06
Oct 25Financial Position Analysis
Short Term Liabilities: SPB's short term assets ($504.3M) do not cover its short term liabilities ($530.5M).
Long Term Liabilities: SPB's short term assets ($504.3M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: SPB's net debt to equity ratio (145%) is considered high.
Reducing Debt: SPB's debt to equity ratio has reduced from 163.1% to 148.7% over the past 5 years.
Debt Coverage: SPB's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: SPB's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/23 10:22 |
| End of Day Share Price | 2025/04/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Superior Plus Corp. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| John Gibson | BMO Capital Markets Equity Research |
| John Bereznicki | Canaccord Genuity |