Steel Connect Balance Sheet Health
Financial Health criteria checks 6/6
Steel Connect has a total shareholder equity of $391.9M and total debt of $12.9M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $485.6M and $93.7M respectively. Steel Connect's EBIT is $7.5M making its interest coverage ratio -0.6. It has cash and short-term investments of $248.6M.
Key information
3.3%
Debt to equity ratio
US$12.90m
Debt
| Interest coverage ratio | -0.6x |
| Cash | US$248.61m |
| Equity | US$391.92m |
| Total liabilities | US$93.71m |
| Total assets | US$485.63m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGO's short term assets ($295.8M) exceed its short term liabilities ($75.1M).
Long Term Liabilities: CGO's short term assets ($295.8M) exceed its long term liabilities ($18.7M).
Debt to Equity History and Analysis
Debt Level: CGO has more cash than its total debt.
Reducing Debt: CGO's debt to equity ratio has reduced from 441.1% to 3.3% over the past 5 years.
Debt Coverage: CGO's debt is well covered by operating cash flow (169.3%).
Interest Coverage: CGO earns more interest than it pays, so coverage of interest payments is not a concern.