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 ratio | 2.9x |
Cash | US$374.16m |
Equity | US$2.32b |
Total liabilities | US$2.83b |
Total assets | US$5.15b |
Recent financial health updates
Here's Why Summit Materials (NYSE:SUM) Can Manage Its Debt Responsibly
Dec 08These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well
Sep 04We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt
May 18These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well
Feb 06Summit Materials (NYSE:SUM) Has A Pretty Healthy Balance Sheet
Oct 31Is Summit Materials (NYSE:SUM) A Risky Investment?
Jul 20Recent updates
Is It Time To Consider Buying Summit Materials, Inc. (NYSE:SUM)?
Feb 19Summit Materials, Inc. (NYSE:SUM) Investors Are Less Pessimistic Than Expected
Jan 29Is There An Opportunity With Summit Materials, Inc.'s (NYSE:SUM) 35% Undervaluation?
Dec 23Here's Why Summit Materials (NYSE:SUM) Can Manage Its Debt Responsibly
Dec 08Summit Materials: A Good Buy At Current Levels
Nov 26Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?
Nov 08When Should You Buy Summit Materials, Inc. (NYSE:SUM)?
Oct 23Summit Materials: Cementing Its Position
Sep 10These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well
Sep 04What Does Summit Materials, Inc.'s (NYSE:SUM) Share Price Indicate?
Jul 25Summit Materials: Good Medium To Long-Term Growth Prospects
Jul 09Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)
Jul 06Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?
Jun 03We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt
May 18At US$26.40, Is Summit Materials, Inc. (NYSE:SUM) Worth Looking At Closely?
Apr 12Summit Materials (NYSE:SUM) Has More To Do To Multiply In Value Going Forward
Mar 28Should You Be Adding Summit Materials (NYSE:SUM) To Your Watchlist Today?
Feb 26Summit Materials Non-GAAP EPS of $0.32 beats by $0.02, revenue of $552.27M misses by $14.89M
Feb 15These 4 Measures Indicate That Summit Materials (NYSE:SUM) Is Using Debt Reasonably Well
Feb 06What Is Summit Materials, Inc.'s (NYSE:SUM) Share Price Doing?
Jan 10Return Trends At Summit Materials (NYSE:SUM) Aren't Appealing
Dec 28Summit Materials: Good Growth Prospects At A Discount Valuation
Dec 12Do Summit Materials' (NYSE:SUM) Earnings Warrant Your Attention?
Nov 28Summit Materials, Inc. (NYSE:SUM) Shares Could Be 47% Below Their Intrinsic Value Estimate
Nov 16Summit Materials (NYSE:SUM) Has A Pretty Healthy Balance Sheet
Oct 31Investors Met With Slowing Returns on Capital At Summit Materials (NYSE:SUM)
Sep 28Summit Materials Gives A Rock-Solid Foundation For Growth
Sep 13Is There Now An Opportunity In Summit Materials, Inc. (NYSE:SUM)?
Aug 31Does Summit Materials (NYSE:SUM) Deserve A Spot On Your Watchlist?
Aug 17Is Summit Materials (NYSE:SUM) A Risky Investment?
Jul 20Summit Materials: Investor Day Outlines The Next Leg Of Growth
Jun 19Returns On Capital At Summit Materials (NYSE:SUM) Have Stalled
Jun 17Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$26.67?
May 19Here's Why I Think Summit Materials (NYSE:SUM) Might Deserve Your Attention Today
May 04Is Summit Materials (NYSE:SUM) A Risky Investment?
Apr 05Slowing Rates Of Return At Summit Materials (NYSE:SUM) Leave Little Room For Excitement
Mar 08Should You Think About Buying Summit Materials, Inc. (NYSE:SUM) Now?
Feb 07Summit Materials Delivers On Its Promises But Is Getting Too Expensive
Dec 31Is Summit Materials (NYSE:SUM) Using Too Much Debt?
Dec 30Should You Investigate Summit Materials, Inc. (NYSE:SUM) At US$39.23?
Nov 09Summit Materials Is Up 40% Since My January Call - What's Next?
Oct 06We Think Summit Materials (NYSE:SUM) Can Stay On Top Of Its Debt
Sep 26Financial 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).