Shyft Group Balance Sheet Health
Financial Health criteria checks 4/6
Shyft Group has a total shareholder equity of $252.7M and total debt of $141.6M, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are $569.4M and $316.8M respectively. Shyft Group's EBIT is $660.0K making its interest coverage ratio 0.1. It has cash and short-term investments of $21.4M.
Key information
56.0%
Debt to equity ratio
US$141.59m
Debt
| Interest coverage ratio | 0.08x |
| Cash | US$21.44m |
| Equity | US$252.66m |
| Total liabilities | US$316.77m |
| Total assets | US$569.43m |
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 12Recent updates
Shyft Group (NASDAQ:SHYF) Will Pay A Dividend Of $0.05
Nov 03Shyft Group (NASDAQ:SHYF) Has Affirmed Its Dividend Of $0.05
May 09Shyft Group (NASDAQ:SHYF) Could Be Struggling To Allocate Capital
May 03Why 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 10Financial Position Analysis
Short Term Liabilities: SHYF's short term assets ($299.8M) exceed its short term liabilities ($165.1M).
Long Term Liabilities: SHYF's short term assets ($299.8M) exceed its long term liabilities ($151.6M).
Debt to Equity History and Analysis
Debt Level: SHYF's net debt to equity ratio (47.6%) is considered high.
Reducing Debt: SHYF's debt to equity ratio has reduced from 62.9% to 56% over the past 5 years.
Debt Coverage: SHYF's debt is well covered by operating cash flow (20.2%).
Interest Coverage: SHYF's interest payments on its debt are not well covered by EBIT (0.1x coverage).