Superior Plus Balance Sheet Health
Financial Health criteria checks 2/6
Superior Plus has a total shareholder equity of CA$1.8B and total debt of CA$2.2B, which brings its debt-to-equity ratio to 126.6%. Its total assets and total liabilities are CA$5.2B and CA$3.4B respectively. Superior Plus's EBIT is CA$272.3M making its interest coverage ratio 2.2. It has cash and short-term investments of CA$48.3M.
Key information
126.6%
Debt to equity ratio
CA$2.24b
Debt
Interest coverage ratio | 2.2x |
Cash | CA$48.30m |
Equity | CA$1.77b |
Total liabilities | CA$3.40b |
Total assets | CA$5.17b |
Recent financial health updates
Is Superior Plus (TSE:SPB) Using Too Much Debt?
Dec 25Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet
Jun 22We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt
Sep 27Recent updates
Investors 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 25Superior Plus (TSE:SPB) Has Announced A Dividend Of CA$0.06
Oct 11We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt
Sep 27Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of CA$0.06
Aug 14Superior Plus' (TSE:SPB) Dividend Will Be CA$0.06
Jul 25Superior Plus (TSE:SPB) Has Re-Affirmed Its Dividend Of CA$0.06
Jul 11Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of CA$0.06
Jun 14Superior Plus' (TSE:SPB) Dividend Will Be CA$0.06
May 24Industry Analysts Just Upgraded Their Superior Plus Corp. (TSE:SPB) Revenue Forecasts By 15%
May 12Superior Plus (TSE:SPB) Will Pay A Dividend Of CA$0.06
May 10Superior Plus (TSE:SPB) Has Re-Affirmed Its Dividend Of CA$0.06
Apr 14Superior Plus (TSE:SPB) Has Re-Affirmed Its Dividend Of CA$0.06
Mar 17Financial Position Analysis
Short Term Liabilities: SPB's short term assets (CA$654.8M) do not cover its short term liabilities (CA$754.6M).
Long Term Liabilities: SPB's short term assets (CA$654.8M) do not cover its long term liabilities (CA$2.6B).
Debt to Equity History and Analysis
Debt Level: SPB's net debt to equity ratio (123.9%) is considered high.
Reducing Debt: SPB's debt to equity ratio has reduced from 164.4% to 126.6% over the past 5 years.
Debt Coverage: SPB's debt is well covered by operating cash flow (24.5%).
Interest Coverage: SPB's interest payments on its debt are not well covered by EBIT (2.2x coverage).