Superior Drilling Products Balance Sheet Health
Financial Health criteria checks 5/6
Superior Drilling Products has a total shareholder equity of $16.7M and total debt of $2.2M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are $27.0M and $10.4M respectively. Superior Drilling Products's EBIT is $1.8M making its interest coverage ratio 2.8. It has cash and short-term investments of $2.7M.
Key information
13.5%
Debt to equity ratio
US$2.25m
Debt
Interest coverage ratio | 2.8x |
Cash | US$2.67m |
Equity | US$16.65m |
Total liabilities | US$10.38m |
Total assets | US$27.04m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SDW's short term assets ($8.8M) exceed its short term liabilities ($3.8M).
Long Term Liabilities: SDW's short term assets ($8.8M) exceed its long term liabilities ($6.6M).
Debt to Equity History and Analysis
Debt Level: SDW has more cash than its total debt.
Reducing Debt: SDW's debt to equity ratio has reduced from 146.8% to 13.5% over the past 5 years.
Debt Coverage: SDW's debt is well covered by operating cash flow (142.3%).
Interest Coverage: SDW's interest payments on its debt are not well covered by EBIT (2.8x coverage).