Select Water Solutions Balance Sheet Health
Financial Health criteria checks 5/6
Select Water Solutions has a total shareholder equity of $888.3M and total debt of $75.0M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are $1.3B and $403.0M respectively. Select Water Solutions's EBIT is $63.7M making its interest coverage ratio 15.2. It has cash and short-term investments of $12.8M.
Key information
8.4%
Debt to equity ratio
US$75.00m
Debt
Interest coverage ratio | 15.2x |
Cash | US$12.75m |
Equity | US$888.32m |
Total liabilities | US$402.99m |
Total assets | US$1.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 18RA's short term assets ($411.7M) exceed its short term liabilities ($212.0M).
Long Term Liabilities: 18RA's short term assets ($411.7M) exceed its long term liabilities ($190.9M).
Debt to Equity History and Analysis
Debt Level: 18RA's net debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: 18RA's debt to equity ratio has increased from 2.2% to 8.4% over the past 5 years.
Debt Coverage: 18RA's debt is well covered by operating cash flow (447.3%).
Interest Coverage: 18RA's interest payments on its debt are well covered by EBIT (15.2x coverage).