Solaris Energy Infrastructure Balance Sheet Health
Financial Health criteria checks 3/6
Solaris Energy Infrastructure has a total shareholder equity of $493.4M and total debt of $317.3M, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are $939.5M and $446.1M respectively. Solaris Energy Infrastructure's EBIT is $36.0M making its interest coverage ratio 6.8. It has cash and short-term investments of $18.6M.
Key information
64.3%
Debt to equity ratio
US$317.33m
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$18.63m |
| Equity | US$493.38m |
| Total liabilities | US$446.11m |
| Total assets | US$939.49m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 68S's short term assets ($197.0M) exceed its short term liabilities ($54.6M).
Long Term Liabilities: 68S's short term assets ($197.0M) do not cover its long term liabilities ($391.5M).
Debt to Equity History and Analysis
Debt Level: 68S's net debt to equity ratio (60.5%) is considered high.
Reducing Debt: 68S's debt to equity ratio has increased from 0% to 64.3% over the past 5 years.
Debt Coverage: 68S's debt is well covered by operating cash flow (22.5%).
Interest Coverage: 68S's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:20 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Solaris Energy Infrastructure, Inc. is covered by 17 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Thomas Curran | B. Riley Securities, Inc. |
| Luke Lemoine | Capital One Securities, Inc. |
| Scott Gruber | Citigroup Inc |