Southwest Gas Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Southwest Gas Holdings has a total shareholder equity of $3.4B and total debt of $5.3B, which brings its debt-to-equity ratio to 154.7%. Its total assets and total liabilities are $11.9B and $8.5B respectively. Southwest Gas Holdings's EBIT is $509.9M making its interest coverage ratio 2.1. It has cash and short-term investments of $106.5M.
Key information
154.7%
Debt to equity ratio
US$5.28b
Debt
Interest coverage ratio | 2.1x |
Cash | US$106.54m |
Equity | US$3.41b |
Total liabilities | US$8.46b |
Total assets | US$11.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SZR's short term assets ($1.9B) exceed its short term liabilities ($1.7B).
Long Term Liabilities: SZR's short term assets ($1.9B) do not cover its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: SZR's net debt to equity ratio (151.5%) is considered high.
Reducing Debt: SZR's debt to equity ratio has increased from 98.2% to 154.7% over the past 5 years.
Debt Coverage: SZR's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: SZR's interest payments on its debt are not well covered by EBIT (2.1x coverage).