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
Sappi (JSE:SAP) Has Debt But No Earnings; Should You Worry?
Sep 17
Does Sappi (JSE:SAP) Have A Healthy Balance Sheet?
May 23Recent updates
We Think That There Are More Issues For Sappi (JSE:SAP) Than Just Sluggish Earnings
Nov 14Subdued Growth No Barrier To Sappi Limited's (JSE:SAP) Price
Oct 15Sappi (JSE:SAP) Has Debt But No Earnings; Should You Worry?
Sep 17Unpleasant Surprises Could Be In Store For Sappi Limited's (JSE:SAP) Shares
Jun 27Does Sappi (JSE:SAP) Have A Healthy Balance Sheet?
May 23Why We're Not Concerned About Sappi Limited's (JSE:SAP) Share Price
Mar 12We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now
Feb 01Sappi's (JSE:SAP) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 21Financial Position Analysis
Short Term Liabilities: SAP's short term assets ($2.0B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: SAP's short term assets ($2.0B) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: SAP's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: SAP's debt to equity ratio has reduced from 97.4% to 63.8% over the past 5 years.
Debt Coverage: SAP's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: SAP's interest payments on its debt are not well covered by EBIT (2.4x coverage).