Steelcase Balance Sheet Health
Financial Health criteria checks 5/6
Steelcase has a total shareholder equity of $887.1M and total debt of $446.3M, which brings its debt-to-equity ratio to 50.3%. Its total assets and total liabilities are $2.2B and $1.3B respectively. Steelcase's EBIT is $124.7M making its interest coverage ratio 6.4. It has cash and short-term investments of $318.6M.
Key information
50.3%
Debt to equity ratio
US$446.30m
Debt
| Interest coverage ratio | 6.4x |
| Cash | US$318.60m |
| Equity | US$887.10m |
| Total liabilities | US$1.35b |
| Total assets | US$2.24b |
Recent financial health updates
Steelcase (NYSE:SCS) Has A Pretty Healthy Balance Sheet
Mar 23
Is Steelcase (NYSE:SCS) Using Too Much Debt?
Dec 21These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Sep 01Steelcase (NYSE:SCS) Has A Somewhat Strained Balance Sheet
May 17These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Jan 09These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Sep 18Recent updates
Steelcase's (NYSE:SCS) Solid Earnings Have Been Accounted For Conservatively
Mar 27Steelcase's (NYSE:SCS) Dividend Will Be $0.10
Mar 24Steelcase (NYSE:SCS) Has A Pretty Healthy Balance Sheet
Mar 23Steelcase: A Challenging Turnaround Case
Mar 08Steelcase Inc.'s (NYSE:SCS) Intrinsic Value Is Potentially 31% Above Its Share Price
Feb 12Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching
Jan 26Steelcase Inc. (NYSE:SCS) Not Flying Under The Radar
Jan 05Steelcase: Improving Profits And Strong Cash Flow Generation (Rating Upgrade)
Dec 24Is Steelcase (NYSE:SCS) Using Too Much Debt?
Dec 21Steelcase: Back To Office, Back On Growth
Oct 15What Is Steelcase Inc.'s (NYSE:SCS) Share Price Doing?
Oct 13Steelcase (NYSE:SCS) Is Paying Out A Dividend Of $0.10
Sep 23Steelcase Q2 Earnings: A Stellar Quarter Reaffirms The Bullish Case
Sep 21Steelcase Inc. (NYSE:SCS) Shares Could Be 31% Below Their Intrinsic Value Estimate
Sep 21Steelcase: Near-Term Revenue Headwinds Keep Me On The Sidelines
Sep 09These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Sep 01Steelcase: Showing Signs Of A Turnaround
Jun 27Steelcase (NYSE:SCS) Has A Somewhat Strained Balance Sheet
May 17An Intrinsic Calculation For Steelcase Inc. (NYSE:SCS) Suggests It's 44% Undervalued
Apr 19Is Now The Time To Look At Buying Steelcase Inc. (NYSE:SCS)?
Mar 28Steelcase: Q3 2023 Shines Little Light On Future Growth Prospects
Jan 24These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Jan 09Should You Investigate Steelcase Inc. (NYSE:SCS) At US$8.18?
Nov 17Steelcase Non-GAAP EPS of $0.21 beats by $0.08, revenue of $863.3M misses by $19.4M
Sep 21These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Sep 18Steelcase nears 52-week low price after Sidoti downgrades rating to Neutral
Sep 15Steelcase: Expect Management To Continue To Deliver
Sep 07Why Steelcase Inc. (NYSE:SCS) Could Be Worth Watching
Aug 13Steelcase (NYSE:SCS) Has Announced A Dividend Of US$0.14
Jun 26Steelcase: Strong Forward Earnings Growth To Finally Move The Share-Price
Jun 24These 4 Measures Indicate That Steelcase (NYSE:SCS) Is Using Debt Extensively
Jun 14Steelcase (NYSE:SCS) Will Be Hoping To Turn Its Returns On Capital Around
Apr 07Steelcase: A Recovery Will Push Shares Higher
Mar 06Is Steelcase (NYSE:SCS) Using Too Much Debt?
Feb 17Be Wary Of Steelcase (NYSE:SCS) And Its Returns On Capital
Dec 21Steelcase: When Returns Justify Trying To Catch A Falling Knife
Nov 25Steelcase (NYSE:SCS) Has A Somewhat Strained Balance Sheet
Oct 21Financial Position Analysis
Short Term Liabilities: SCS's short term assets ($959.4M) exceed its short term liabilities ($607.1M).
Long Term Liabilities: SCS's short term assets ($959.4M) exceed its long term liabilities ($742.5M).
Debt to Equity History and Analysis
Debt Level: SCS's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: SCS's debt to equity ratio has increased from 40.4% to 50.3% over the past 5 years.
Debt Coverage: SCS's debt is well covered by operating cash flow (69.2%).
Interest Coverage: SCS's interest payments on its debt are well covered by EBIT (6.4x coverage).