Steel Connect Balance Sheet Health
Financial Health criteria checks 6/6
Steel Connect has a total shareholder equity of $386.3M and total debt of $12.9M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are $485.5M and $99.1M respectively. Steel Connect's EBIT is $8.2M making its interest coverage ratio -0.7. It has cash and short-term investments of $269.2M.
Key information
3.3%
Debt to equity ratio
US$12.90m
Debt
| Interest coverage ratio | -0.7x |
| Cash | US$269.24m |
| Equity | US$386.31m |
| Total liabilities | US$99.15m |
| Total assets | US$485.46m |
Recent financial health updates
Steel Connect (NASDAQ:STCN) Has A Rock Solid Balance Sheet
Sep 12
Is Steel Connect (NASDAQ:STCN) A Risky Investment?
Feb 24Is Steel Connect (NASDAQ:STCN) Using Too Much Debt?
Jul 21Recent updates
Steel Connect (NASDAQ:STCN) Has A Rock Solid Balance Sheet
Sep 12Is Steel Connect (NASDAQ:STCN) A Risky Investment?
Feb 24Is Steel Connect (NASDAQ:STCN) Using Too Much Debt?
Jul 21Steel Connect's (NASDAQ:STCN) Returns On Capital Are Heading Higher
Mar 13Steel Connect: The $2 Billion King Of NOLs
Aug 31Steel Connect: The Takeover Marches On
Jun 28Financial Position Analysis
Short Term Liabilities: STCN's short term assets ($314.5M) exceed its short term liabilities ($79.7M).
Long Term Liabilities: STCN's short term assets ($314.5M) exceed its long term liabilities ($19.4M).
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 307.8% to 3.3% over the past 5 years.
Debt Coverage: STCN's debt is well covered by operating cash flow (185.6%).
Interest Coverage: STCN earns more interest than it pays, so coverage of interest payments is not a concern.