Steelcase Financial Health
How is Steelcase's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SCS's short term assets ($914.5M) exceed its short term liabilities ($679.1M).
Long Term Liabilities: SCS's short term assets ($914.5M) exceed its long term liabilities ($779.7M).
Debt to Equity History and Analysis
Debt Level: SCS's net debt to equity ratio (56.9%) is considered high.
Reducing Debt: SCS's debt to equity ratio has increased from 36.3% to 63.7% over the past 5 years.
Debt Coverage: SCS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SCS's interest payments on its debt are well covered by EBIT (3.2x coverage).