Solaris Oilfield Infrastructure Balance Sheet Health
Financial Health criteria checks 4/6
Solaris Oilfield Infrastructure has a total shareholder equity of $309.8M and total debt of $30.0M, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are $457.1M and $147.2M respectively. Solaris Oilfield Infrastructure's EBIT is $47.0M making its interest coverage ratio 12.9. It has cash and short-term investments of $3.4M.
Key information
9.7%
Debt to equity ratio
US$30.00m
Debt
Interest coverage ratio | 12.9x |
Cash | US$3.42m |
Equity | US$309.85m |
Total liabilities | US$147.22m |
Total assets | US$457.07m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 68S's short term assets ($62.9M) exceed its short term liabilities ($35.3M).
Long Term Liabilities: 68S's short term assets ($62.9M) do not cover its long term liabilities ($111.9M).
Debt to Equity History and Analysis
Debt Level: 68S's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: 68S's debt to equity ratio has increased from 0% to 9.7% over the past 5 years.
Debt Coverage: 68S's debt is well covered by operating cash flow (299.8%).
Interest Coverage: 68S's interest payments on its debt are well covered by EBIT (12.9x coverage).