Summit Materials Balance Sheet Health

Financial Health criteria checks 2/6

Summit Materials has a total shareholder equity of $2.3B and total debt of $2.3B, which brings its debt-to-equity ratio to 98.7%. Its total assets and total liabilities are $5.1B and $2.8B respectively. Summit Materials's EBIT is $329.2M making its interest coverage ratio 2.9. It has cash and short-term investments of $374.2M.

Key information

98.7%

Debt to equity ratio

US$2.29b

Debt

Interest coverage ratio2.9x
CashUS$374.16m
EquityUS$2.32b
Total liabilitiesUS$2.83b
Total assetsUS$5.15b

Recent financial health updates

Recent updates

Is It Time To Consider Buying Summit Materials, Inc. (NYSE:SUM)?

Feb 19
Is It Time To Consider Buying Summit Materials, Inc. (NYSE:SUM)?

Summit Materials, Inc. (NYSE:SUM) Investors Are Less Pessimistic Than Expected

Jan 29
Summit Materials, Inc. (NYSE:SUM) Investors Are Less Pessimistic Than Expected

Is There An Opportunity With Summit Materials, Inc.'s (NYSE:SUM) 35% Undervaluation?

Dec 23
Is There An Opportunity With Summit Materials, Inc.'s (NYSE:SUM) 35% Undervaluation?

Here's Why Summit Materials (NYSE:SUM) Can Manage Its Debt Responsibly

Dec 08
Here's Why Summit Materials (NYSE:SUM) Can Manage Its Debt Responsibly

Summit Materials: A Good Buy At Current Levels

Nov 26

Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?

Nov 08
Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?

When Should You Buy Summit Materials, Inc. (NYSE:SUM)?

Oct 23
When Should You Buy Summit Materials, Inc. (NYSE:SUM)?

Summit Materials: Cementing Its Position

Sep 10

These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well

Sep 04
These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well

What Does Summit Materials, Inc.'s (NYSE:SUM) Share Price Indicate?

Jul 25
What Does Summit Materials, Inc.'s (NYSE:SUM) Share Price Indicate?

Summit Materials: Good Medium To Long-Term Growth Prospects

Jul 09

Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)

Jul 06
Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)

Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?

Jun 03
Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?

We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt

May 18
We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt

At US$26.40, Is Summit Materials, Inc. (NYSE:SUM) Worth Looking At Closely?

Apr 12
At US$26.40, Is Summit Materials, Inc. (NYSE:SUM) Worth Looking At Closely?

Summit Materials (NYSE:SUM) Has More To Do To Multiply In Value Going Forward

Mar 28
Summit Materials (NYSE:SUM) Has More To Do To Multiply In Value Going Forward

Should You Be Adding Summit Materials (NYSE:SUM) To Your Watchlist Today?

Feb 26
Should You Be Adding Summit Materials (NYSE:SUM) To Your Watchlist Today?

Summit Materials Non-GAAP EPS of $0.32 beats by $0.02, revenue of $552.27M misses by $14.89M

Feb 15

These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well

Feb 06
These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well

What Is Summit Materials, Inc.'s (NYSE:SUM) Share Price Doing?

Jan 10
What Is Summit Materials, Inc.'s (NYSE:SUM) Share Price Doing?

Return Trends At Summit Materials (NYSE:SUM) Aren't Appealing

Dec 28
Return Trends At Summit Materials (NYSE:SUM) Aren't Appealing

Summit Materials: Good Growth Prospects At A Discount Valuation

Dec 12

Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?

Nov 28
Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?

Summit Materials, Inc. (NYSE:SUM) Shares Could Be 47% Below Their Intrinsic Value Estimate

Nov 16
Summit Materials, Inc. (NYSE:SUM) Shares Could Be 47% Below Their Intrinsic Value Estimate

Summit Materials (NYSE:SUM) Has A Pretty Healthy Balance Sheet

Oct 31
Summit Materials (NYSE:SUM) Has A Pretty Healthy Balance Sheet

Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)

Sep 28
Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)

Summit Materials Gives A Rock-Solid Foundation For Growth

Sep 13

Is There Now An Opportunity In Summit Materials, Inc. (NYSE:SUM)?

Aug 31
Is There Now An Opportunity In Summit Materials, Inc. (NYSE:SUM)?

Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?

Aug 17
Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?

Is Summit Materials (NYSE:SUM) A Risky Investment?

Jul 20
Is Summit Materials (NYSE:SUM) A Risky Investment?

Summit Materials: Investor Day Outlines The Next Leg Of Growth

Jun 19

Returns On Capital At Summit Materials (NYSE:SUM) Have Stalled

Jun 17
Returns On Capital At Summit Materials (NYSE:SUM) Have Stalled

Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$26.67?

May 19
Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$26.67?

Here's Why I Think Summit Materials (NYSE:SUM) Might Deserve Your Attention Today

May 04
Here's Why I Think Summit Materials (NYSE:SUM) Might Deserve Your Attention Today

Is Summit Materials (NYSE:SUM) A Risky Investment?

Apr 05
Is Summit Materials (NYSE:SUM) A Risky Investment?

Slowing Rates Of Return At Summit Materials (NYSE:SUM) Leave Little Room For Excitement

Mar 08
Slowing Rates Of Return At Summit Materials (NYSE:SUM) Leave Little Room For Excitement

Should You Think About Buying Summit Materials, Inc. (NYSE:SUM) Now?

Feb 07
Should You Think About Buying Summit Materials, Inc. (NYSE:SUM) Now?

Summit Materials Delivers On Its Promises But Is Getting Too Expensive

Dec 31

Is Summit Materials (NYSE:SUM) Using Too Much Debt?

Dec 30
Is Summit Materials (NYSE:SUM) Using Too Much Debt?

Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$39.23?

Nov 09
Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$39.23?

Summit Materials Is Up 40% Since My January Call - What's Next?

Oct 06

We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt

Sep 26
We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt

Financial Position Analysis

Short Term Liabilities: SUM's short term assets ($1.7B) exceed its short term liabilities ($323.0M).

Long Term Liabilities: SUM's short term assets ($1.7B) do not cover its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: SUM's net debt to equity ratio (82.6%) is considered high.

Reducing Debt: SUM's debt to equity ratio has reduced from 135.3% to 98.7% over the past 5 years.

Debt Coverage: SUM's debt is not well covered by operating cash flow (19.2%).

Interest Coverage: SUM's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


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