Steel Connect Balance Sheet Health
Financial Health criteria checks 6/6
Steel Connect has a total shareholder equity of $315.1M and total debt of $12.9M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are $412.7M and $97.6M respectively. Steel Connect's EBIT is $5.5M making its interest coverage ratio -0.8. It has cash and short-term investments of $276.4M.
Key information
4.1%
Debt to equity ratio
US$12.90m
Debt
| Interest coverage ratio | -0.8x |
| Cash | US$276.42m |
| Equity | US$315.10m |
| Total liabilities | US$97.62m |
| Total assets | US$412.72m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: STCN's short term assets ($321.4M) exceed its short term liabilities ($75.6M).
Long Term Liabilities: STCN's short term assets ($321.4M) exceed its long term liabilities ($22.0M).
Debt to Equity History and Analysis
Debt Level: STCN has more cash than its total debt.
Reducing Debt: STCN's debt to equity ratio has reduced from 346.4% to 4.1% over the past 5 years.
Debt Coverage: STCN's debt is well covered by operating cash flow (113.1%).
Interest Coverage: STCN earns more interest than it pays, so coverage of interest payments is not a concern.