Steppe Cement Balance Sheet Health
Financial Health criteria checks 6/6
Steppe Cement has a total shareholder equity of $65.2M and total debt of $6.8M, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are $91.7M and $26.5M respectively. Steppe Cement's EBIT is $8.6M making its interest coverage ratio 56.5. It has cash and short-term investments of $6.0M.
Key information
10.4%
Debt to equity ratio
US$6.76m
Debt
Interest coverage ratio | 56.5x |
Cash | US$6.00m |
Equity | US$65.18m |
Total liabilities | US$26.49m |
Total assets | US$91.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ST9's short term assets ($41.6M) exceed its short term liabilities ($16.0M).
Long Term Liabilities: ST9's short term assets ($41.6M) exceed its long term liabilities ($10.4M).
Debt to Equity History and Analysis
Debt Level: ST9's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: ST9's debt to equity ratio has reduced from 32.3% to 10.4% over the past 5 years.
Debt Coverage: ST9's debt is well covered by operating cash flow (163.9%).
Interest Coverage: ST9's interest payments on its debt are well covered by EBIT (56.5x coverage).