Steadfast Group Balance Sheet Health
Financial Health criteria checks 5/6
Steadfast Group has a total shareholder equity of A$2.6B and total debt of A$1.2B, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are A$5.7B and A$3.1B respectively. Steadfast Group's EBIT is A$503.3M making its interest coverage ratio 9.4. It has cash and short-term investments of A$300.4M.
Key information
47.3%
Debt to equity ratio
AU$1.22b
Debt
| Interest coverage ratio | 9.4x |
| Cash | AU$300.40m |
| Equity | AU$2.57b |
| Total liabilities | AU$3.14b |
| Total assets | AU$5.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1S6's short term assets (A$2.5B) exceed its short term liabilities (A$1.7B).
Long Term Liabilities: 1S6's short term assets (A$2.5B) exceed its long term liabilities (A$1.5B).
Debt to Equity History and Analysis
Debt Level: 1S6's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: 1S6's debt to equity ratio has increased from 31.4% to 47.3% over the past 5 years.
Debt Coverage: 1S6's debt is well covered by operating cash flow (24.6%).
Interest Coverage: 1S6's interest payments on its debt are well covered by EBIT (9.4x coverage).