Summit Materials Balance Sheet Health
Financial Health criteria checks 2/6
Summit Materials has a total shareholder equity of $4.4B and total debt of $2.8B, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are $8.4B and $4.0B respectively. Summit Materials's EBIT is $474.5M making its interest coverage ratio 2.5. It has cash and short-term investments of $737.5M.
Key information
62.7%
Debt to equity ratio
US$2.79b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$737.54m |
| Equity | US$4.45b |
| Total liabilities | US$3.98b |
| Total assets | US$8.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0LAI's short term assets ($1.7B) exceed its short term liabilities ($552.8M).
Long Term Liabilities: 0LAI's short term assets ($1.7B) do not cover its long term liabilities ($3.4B).
Debt to Equity History and Analysis
Debt Level: 0LAI's net debt to equity ratio (46.1%) is considered high.
Reducing Debt: 0LAI's debt to equity ratio has reduced from 134.1% to 62.7% over the past 5 years.
Debt Coverage: 0LAI's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: 0LAI's interest payments on its debt are not well covered by EBIT (2.5x coverage).