Steadfast Group Balance Sheet Health
Financial Health criteria checks 5/6
Steadfast Group has a total shareholder equity of A$2.5B and total debt of A$1.2B, which brings its debt-to-equity ratio to 48.3%. Its total assets and total liabilities are A$5.6B and A$3.1B respectively. Steadfast Group's EBIT is A$408.5M making its interest coverage ratio 10.2. It has cash and short-term investments of A$273.4M.
Key information
48.3%
Debt to equity ratio
AU$1.23b
Debt
Interest coverage ratio | 10.2x |
Cash | AU$273.40m |
Equity | AU$2.54b |
Total liabilities | AU$3.05b |
Total assets | AU$5.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1S6's short term assets (A$2.4B) exceed its short term liabilities (A$1.6B).
Long Term Liabilities: 1S6's short term assets (A$2.4B) exceed its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: 1S6's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: 1S6's debt to equity ratio has increased from 31.2% to 48.3% over the past 5 years.
Debt Coverage: 1S6's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 1S6's interest payments on its debt are well covered by EBIT (10.2x coverage).