Shyft Group Balance Sheet Health
Financial Health criteria checks 4/6
Shyft Group has a total shareholder equity of $252.2M and total debt of $84.5M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $530.0M and $277.9M respectively. Shyft Group's EBIT is $6.8M making its interest coverage ratio 1. It has cash and short-term investments of $10.0M.
Key information
33.5%
Debt to equity ratio
US$84.50m
Debt
| Interest coverage ratio | 1x |
| Cash | US$9.96m |
| Equity | US$252.17m |
| Total liabilities | US$277.88m |
| Total assets | US$530.05m |
Recent financial health updates
We Think Shyft Group (NASDAQ:SHYF) Can Stay On Top Of Its Debt
Oct 20
Shyft Group (NASDAQ:SHYF) Seems To Use Debt Quite Sensibly
Jul 10Shyft Group (NASDAQ:SHYF) Has A Pretty Healthy Balance Sheet
Mar 12Is Shyft Group (NASDAQ:SHYF) Using Too Much Debt?
Aug 28Recent updates
Why The Shyft Group, Inc. (NASDAQ:SHYF) Could Be Worth Watching
Apr 17Investors Aren't Buying The Shyft Group, Inc.'s (NASDAQ:SHYF) Revenues
Mar 20Artko Capital - Shyft Group: A Shiny Diamond That Has Multiples Of Upside
Mar 07Shyft Group (NASDAQ:SHYF) Will Pay A Dividend Of $0.05
Feb 04The Shyft Group: Great Long-Term Upside Potential, But Short-Term Risks Remain
Jan 19Shyft Group (NASDAQ:SHYF) Is Paying Out A Dividend Of $0.05
Nov 08Analysts Are More Bearish On The Shyft Group, Inc. (NASDAQ:SHYF) Than They Used To Be
Oct 27We Think Shyft Group (NASDAQ:SHYF) Can Stay On Top Of Its Debt
Oct 20Shyft Group (NASDAQ:SHYF) Has Affirmed Its Dividend Of $0.05
Aug 08The Shyft Group, Inc. (NASDAQ:SHYF) Analysts Are Reducing Their Forecasts For This Year
Aug 01Shyft Group (NASDAQ:SHYF) Seems To Use Debt Quite Sensibly
Jul 10When Should You Buy The Shyft Group, Inc. (NASDAQ:SHYF)?
May 17Returns At Shyft Group (NASDAQ:SHYF) Appear To Be Weighed Down
Apr 28Shyft Group (NASDAQ:SHYF) Has A Pretty Healthy Balance Sheet
Mar 12The Shyft Group, Inc.'s (NASDAQ:SHYF) Intrinsic Value Is Potentially 32% Above Its Share Price
Feb 23Is It Time To Consider Buying The Shyft Group, Inc. (NASDAQ:SHYF)?
Feb 10Shyft Group's (NASDAQ:SHYF) Returns On Capital Are Heading Higher
Nov 11The Shyft Group: Growth Expectations May Drive The Price
Sep 29Is The Shyft Group, Inc. (NASDAQ:SHYF) Trading At A 29% Discount?
Sep 16Shyft secures initial pre-order for all-electric vans from Carolinas' dealer
Sep 13Is Shyft Group (NASDAQ:SHYF) Using Too Much Debt?
Aug 28Shyft declares $0.05 dividend
Aug 05Shyft Q2 2022 Earnings Preview
Jul 27We Ran A Stock Scan For Earnings Growth And Shyft Group (NASDAQ:SHYF) Passed With Ease
Jul 19Financial Position Analysis
Short Term Liabilities: SHYF's short term assets ($286.9M) exceed its short term liabilities ($182.8M).
Long Term Liabilities: SHYF's short term assets ($286.9M) exceed its long term liabilities ($95.1M).
Debt to Equity History and Analysis
Debt Level: SHYF's net debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: SHYF's debt to equity ratio has increased from 13.7% to 33.5% over the past 5 years.
Debt Coverage: SHYF's debt is well covered by operating cash flow (66.6%).
Interest Coverage: SHYF's interest payments on its debt are not well covered by EBIT (1x coverage).