Superior Plus Balance Sheet Health
Financial Health criteria checks 1/6
Superior Plus has a total shareholder equity of $1.2B and total debt of $1.7B, which brings its debt-to-equity ratio to 137.5%. Its total assets and total liabilities are $3.6B and $2.4B respectively. Superior Plus's EBIT is $197.1M making its interest coverage ratio 1.9. It has cash and short-term investments of $17.2M.
Key information
137.5%
Debt to equity ratio
US$1.65b
Debt
| Interest coverage ratio | 1.9x |
| Cash | US$17.20m |
| Equity | US$1.20b |
| Total liabilities | US$2.44b |
| Total assets | US$3.64b |
Recent financial health updates
Is Superior Plus (TSE:SPB) Using Too Much Debt?
Dec 25
Superior 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
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 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 11Financial Position Analysis
Short Term Liabilities: SPB's short term assets ($332.1M) do not cover its short term liabilities ($498.0M).
Long Term Liabilities: SPB's short term assets ($332.1M) do not cover its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: SPB's net debt to equity ratio (136%) is considered high.
Reducing Debt: SPB's debt to equity ratio has reduced from 166.9% to 137.5% over the past 5 years.
Debt Coverage: SPB's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: SPB's interest payments on its debt are not well covered by EBIT (1.9x coverage).