Select Sector SPDR Trust - The Materials Select Sector SPDR Fund Balance Sheet Health
Financial Health criteria checks 3/6
Select Sector SPDR Trust - The Materials Select Sector SPDR Fund has a total shareholder equity of $4.9B and total debt of $33.3M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are $5.0B and $36.5M respectively.
Key information
0.7%
Debt to equity ratio
US$33.33m
Debt
Interest coverage ratio | n/a |
Cash | US$10.62m |
Equity | US$4.94b |
Total liabilities | US$36.46m |
Total assets | US$4.98b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: XLB's short term assets ($51.3M) exceed its short term liabilities ($36.4M).
Long Term Liabilities: XLB's short term assets ($51.3M) exceed its long term liabilities ($31.9K).
Debt to Equity History and Analysis
Debt Level: XLB's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: XLB's debt to equity ratio has increased from 0% to 0.7% over the past 5 years.
Debt Coverage: Insufficient data to determine if XLB's debt is well covered by operating cash flow.
Interest Coverage: Insufficient data to determine if XLB's interest payments on its debt are well covered by EBIT.