Black Hills Balance Sheet Health
Financial Health criteria checks 2/6
Black Hills has a total shareholder equity of $3.5B and total debt of $4.3B, which brings its debt-to-equity ratio to 120.8%. Its total assets and total liabilities are $9.7B and $6.2B respectively. Black Hills's EBIT is $471.9M making its interest coverage ratio 2.8. It has cash and short-term investments of $12.5M.
Key information
120.8%
Debt to equity ratio
US$4.27b
Debt
| Interest coverage ratio | 2.8x |
| Cash | US$12.50m |
| Equity | US$3.53b |
| Total liabilities | US$6.19b |
| Total assets | US$9.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BHI's short term assets ($599.5M) exceed its short term liabilities ($536.2M).
Long Term Liabilities: BHI's short term assets ($599.5M) do not cover its long term liabilities ($5.7B).
Debt to Equity History and Analysis
Debt Level: BHI's net debt to equity ratio (120.4%) is considered high.
Reducing Debt: BHI's debt to equity ratio has reduced from 137.7% to 120.8% over the past 5 years.
Debt Coverage: BHI's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: BHI's interest payments on its debt are not well covered by EBIT (2.8x coverage).