Smart Sand Balance Sheet Health
Financial Health criteria checks 5/6
Smart Sand has a total shareholder equity of $242.3M and total debt of $18.4M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are $346.3M and $104.0M respectively. Smart Sand's EBIT is $298.0K making its interest coverage ratio 0.2. It has cash and short-term investments of $6.1M.
Key information
7.6%
Debt to equity ratio
US$18.38m
Debt
Interest coverage ratio | 0.2x |
Cash | US$6.07m |
Equity | US$242.27m |
Total liabilities | US$104.03m |
Total assets | US$346.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1SD's short term assets ($61.9M) exceed its short term liabilities ($54.5M).
Long Term Liabilities: 1SD's short term assets ($61.9M) exceed its long term liabilities ($49.6M).
Debt to Equity History and Analysis
Debt Level: 1SD's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 1SD's debt to equity ratio has reduced from 23% to 7.6% over the past 5 years.
Debt Coverage: 1SD's debt is well covered by operating cash flow (168.6%).
Interest Coverage: 1SD's interest payments on its debt are not well covered by EBIT (0.2x coverage).