Grupo Simec. de Balance Sheet Health
Financial Health criteria checks 6/6
Grupo Simec. de has a total shareholder equity of MX$50.1B and total debt of MX$5.1M, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are MX$68.0B and MX$17.9B respectively. Grupo Simec. de's EBIT is MX$8.4B making its interest coverage ratio -14.6. It has cash and short-term investments of MX$23.6B.
Key information
0.01%
Debt to equity ratio
Mex$5.10m
Debt
| Interest coverage ratio | -14.6x |
| Cash | Mex$23.58b |
| Equity | Mex$50.10b |
| Total liabilities | Mex$17.93b |
| Total assets | Mex$68.02b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SIM's short term assets (MX$44.8B) exceed its short term liabilities (MX$13.6B).
Long Term Liabilities: SIM's short term assets (MX$44.8B) exceed its long term liabilities (MX$4.3B).
Debt to Equity History and Analysis
Debt Level: SIM has more cash than its total debt.
Reducing Debt: SIM's debt to equity ratio has reduced from 0.02% to 0.01% over the past 5 years.
Debt Coverage: SIM's debt is well covered by operating cash flow (88953.7%).
Interest Coverage: SIM earns more interest than it pays, so coverage of interest payments is not a concern.