South32 Balance Sheet Health
Financial Health criteria checks 5/6
South32 has a total shareholder equity of $9.0B and total debt of $894.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are $14.2B and $5.3B respectively. South32's EBIT is $54.0M making its interest coverage ratio -0.5. It has cash and short-term investments of $842.0M.
Key information
10.0%
Debt to equity ratio
US$894.00m
Debt
| Interest coverage ratio | -0.5x |
| Cash | US$842.00m |
| Equity | US$8.97b |
| Total liabilities | US$5.27b |
| Total assets | US$14.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 32Z's short term assets ($4.4B) exceed its short term liabilities ($1.8B).
Long Term Liabilities: 32Z's short term assets ($4.4B) exceed its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: 32Z's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 32Z's debt to equity ratio has increased from 3.6% to 10% over the past 5 years.
Debt Coverage: 32Z's debt is well covered by operating cash flow (125.2%).
Interest Coverage: 32Z earns more interest than it pays, so coverage of interest payments is not a concern.