Saga Communications Balance Sheet Health
Financial Health criteria checks 6/6
Saga Communications has a total shareholder equity of $166.0M and total debt of $5.0M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are $223.2M and $57.2M respectively. Saga Communications's EBIT is $5.2M making its interest coverage ratio -5.5. It has cash and short-term investments of $28.7M.
Key information
3.0%
Debt to equity ratio
US$5.00m
Debt
Interest coverage ratio | -5.5x |
Cash | US$28.74m |
Equity | US$165.99m |
Total liabilities | US$57.22m |
Total assets | US$223.21m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SGHB's short term assets ($48.4M) exceed its short term liabilities ($18.4M).
Long Term Liabilities: SGHB's short term assets ($48.4M) exceed its long term liabilities ($38.9M).
Debt to Equity History and Analysis
Debt Level: SGHB has more cash than its total debt.
Reducing Debt: SGHB's debt to equity ratio has reduced from 5.3% to 3% over the past 5 years.
Debt Coverage: SGHB's debt is well covered by operating cash flow (232%).
Interest Coverage: SGHB earns more interest than it pays, so coverage of interest payments is not a concern.