Select Sector SPDR Trust - The Materials Select Sector SPDR Fund Balance Sheet Health
Financial Health criteria checks 4/6
Select Sector SPDR Trust - The Materials Select Sector SPDR Fund has a total shareholder equity of $5.8B and total debt of $84.8M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are $5.9B and $91.4M respectively.
Key information
1.5%
Debt to equity ratio
US$84.76m
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.55m |
| Equity | US$5.83b |
| Total liabilities | US$91.37m |
| Total assets | US$5.92b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: XLB's short term assets ($101.1M) exceed its short term liabilities ($91.4M).
Long Term Liabilities: XLB has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: XLB's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: XLB's debt to equity ratio has reduced from 3.8% to 1.5% over the past 5 years.
Debt Coverage: Insufficient data to determine if XLB's debt is well covered by operating cash flow.
Interest Coverage: Insufficient data to determine if XLB's interest payments on its debt are well covered by EBIT.