Blumar Balance Sheet Health
Financial Health criteria checks 2/6
Blumar has a total shareholder equity of $462.5M and total debt of $279.4M, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are $928.0M and $465.5M respectively. Blumar's EBIT is $50.4M making its interest coverage ratio 2.6. It has cash and short-term investments of $35.2M.
Key information
60.4%
Debt to equity ratio
US$279.39m
Debt
Interest coverage ratio | 2.6x |
Cash | US$35.20m |
Equity | US$462.50m |
Total liabilities | US$465.47m |
Total assets | US$927.98m |
Recent financial health updates
Blumar (SNSE:BLUMAR) Has A Somewhat Strained Balance Sheet
Mar 21Is Blumar (SNSE:BLUMAR) Weighed On By Its Debt Load?
Mar 04Is Blumar (SNSE:BLUMAR) Using Debt Sensibly?
Nov 18Recent updates
Some May Be Optimistic About Blumar's (SNSE:BLUMAR) Earnings
Apr 03Blumar (SNSE:BLUMAR) Has A Somewhat Strained Balance Sheet
Mar 21Slowing Rates Of Return At Blumar (SNSE:BLUMAR) Leave Little Room For Excitement
Oct 26We Think Blumar's (SNSE:BLUMAR) Robust Earnings Are Conservative
Sep 02Is Blumar (SNSE:BLUMAR) Weighed On By Its Debt Load?
Mar 04Did You Participate In Any Of Blumar's (SNSE:BLUMAR) Fantastic 164% Return ?
Jan 11Is Blumar (SNSE:BLUMAR) Using Debt Sensibly?
Nov 18Financial Position Analysis
Short Term Liabilities: BLUMAR's short term assets ($393.5M) exceed its short term liabilities ($167.5M).
Long Term Liabilities: BLUMAR's short term assets ($393.5M) exceed its long term liabilities ($297.9M).
Debt to Equity History and Analysis
Debt Level: BLUMAR's net debt to equity ratio (52.8%) is considered high.
Reducing Debt: BLUMAR's debt to equity ratio has increased from 33% to 60.4% over the past 5 years.
Debt Coverage: BLUMAR's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: BLUMAR's interest payments on its debt are not well covered by EBIT (2.6x coverage).