Shyft Group Balance Sheet Health
Financial Health criteria checks 4/6
Shyft Group has a total shareholder equity of $246.8M and total debt of $83.9M, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are $507.7M and $260.9M respectively. Shyft Group's EBIT is $1.1M making its interest coverage ratio 0.2. It has cash and short-term investments of $13.3M.
Key information
34.0%
Debt to equity ratio
US$83.89m
Debt
Interest coverage ratio | 0.2x |
Cash | US$13.25m |
Equity | US$246.83m |
Total liabilities | US$260.86m |
Total assets | US$507.68m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SP8's short term assets ($268.4M) exceed its short term liabilities ($151.7M).
Long Term Liabilities: SP8's short term assets ($268.4M) exceed its long term liabilities ($109.2M).
Debt to Equity History and Analysis
Debt Level: SP8's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: SP8's debt to equity ratio has increased from 13.6% to 34% over the past 5 years.
Debt Coverage: SP8's debt is well covered by operating cash flow (55.3%).
Interest Coverage: SP8's interest payments on its debt are not well covered by EBIT (0.2x coverage).