Sappi Balance Sheet Health
Financial Health criteria checks 2/6
Sappi has a total shareholder equity of $2.6B and total debt of $1.6B, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are $6.2B and $3.6B respectively. Sappi's EBIT is $182.0M making its interest coverage ratio 2.4. It has cash and short-term investments of $317.0M.
Key information
63.8%
Debt to equity ratio
US$1.64b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$317.00m |
| Equity | US$2.58b |
| Total liabilities | US$3.63b |
| Total assets | US$6.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPPJ.Y's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: SPPJ.Y's short term assets ($2.0B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: SPPJ.Y's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: SPPJ.Y's debt to equity ratio has reduced from 97.4% to 63.8% over the past 5 years.
Debt Coverage: SPPJ.Y's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: SPPJ.Y's interest payments on its debt are not well covered by EBIT (2.4x coverage).