Sitio Royalties Balance Sheet Health
Financial Health criteria checks 3/6
Sitio Royalties has a total shareholder equity of $3.6B and total debt of $865.3M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are $4.8B and $1.2B respectively. Sitio Royalties's EBIT is $195.1M making its interest coverage ratio 2.1. It has cash and short-term investments of $15.2M.
Key information
24.1%
Debt to equity ratio
US$865.34m
Debt
Interest coverage ratio | 2.1x |
Cash | US$15.20m |
Equity | US$3.60b |
Total liabilities | US$1.16b |
Total assets | US$4.76b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SB9's short term assets ($154.0M) exceed its short term liabilities ($31.8M).
Long Term Liabilities: SB9's short term assets ($154.0M) do not cover its long term liabilities ($1.1B).
Debt to Equity History and Analysis
Debt Level: SB9's net debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SB9's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SB9's debt is well covered by operating cash flow (56.3%).
Interest Coverage: SB9's interest payments on its debt are not well covered by EBIT (2.1x coverage).