South32 Balance Sheet Health
Financial Health criteria checks 4/6
South32 has a total shareholder equity of $9.2B and total debt of $1.1B, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are $14.4B and $5.2B respectively. South32's EBIT is $557.0M making its interest coverage ratio -5.4. It has cash and short-term investments of $702.0M.
Key information
12.0%
Debt to equity ratio
US$1.11b
Debt
Interest coverage ratio | -5.4x |
Cash | US$702.00m |
Equity | US$9.23b |
Total liabilities | US$5.17b |
Total assets | US$14.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: S32L's short term assets ($2.7B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: S32L's short term assets ($2.7B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: S32L's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: S32L's debt to equity ratio has increased from 3.1% to 12% over the past 5 years.
Debt Coverage: S32L's debt is well covered by operating cash flow (72.2%).
Interest Coverage: S32L earns more interest than it pays, so coverage of interest payments is not a concern.