Smart Parking Balance Sheet Health
Financial Health criteria checks 5/6
Smart Parking has a total shareholder equity of A$27.9M and total debt of A$239.4K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are A$57.6M and A$29.6M respectively. Smart Parking's EBIT is A$6.9M making its interest coverage ratio 11.3. It has cash and short-term investments of A$7.2M.
Key information
0.9%
Debt to equity ratio
AU$239.41k
Debt
| Interest coverage ratio | 11.3x |
| Cash | AU$7.23m |
| Equity | AU$27.94m |
| Total liabilities | AU$29.61m |
| Total assets | AU$57.56m |
Recent financial health updates
Does Smart Parking (ASX:SPZ) Have A Healthy Balance Sheet?
Jun 28
Here's Why Smart Parking (ASX:SPZ) Has A Meaningful Debt Burden
Apr 19We're Hopeful That Smart Parking (ASX:SPZ) Will Use Its Cash Wisely
Dec 01
Recent updates
Should You Think About Buying Smart Parking Limited (ASX:SPZ) Now?
Aug 15Investors Appear Satisfied With Smart Parking Limited's (ASX:SPZ) Prospects As Shares Rocket 28%
Jul 29Getting In Cheap On Smart Parking Limited (ASX:SPZ) Might Be Difficult
Jun 12Should You Investigate Smart Parking Limited (ASX:SPZ) At AU$0.47?
May 01Market Participants Recognise Smart Parking Limited's (ASX:SPZ) Revenues Pushing Shares 26% Higher
Feb 16Here's Why Smart Parking (ASX:SPZ) Has Caught The Eye Of Investors
Feb 12It's Unlikely That Smart Parking Limited's (ASX:SPZ) CEO Will See A Huge Pay Rise This Year
Nov 03Investors Will Want Smart Parking's (ASX:SPZ) Growth In ROCE To Persist
Oct 18Here's Why We Think Smart Parking (ASX:SPZ) Is Well Worth Watching
Sep 22When Should You Buy Smart Parking Limited (ASX:SPZ)?
Aug 22Returns Are Gaining Momentum At Smart Parking (ASX:SPZ)
Feb 15Shareholders May Not Be So Generous With Smart Parking Limited's (ASX:SPZ) CEO Compensation And Here's Why
Nov 11Does Smart Parking (ASX:SPZ) Have A Healthy Balance Sheet?
Jun 28Returns At Smart Parking (ASX:SPZ) Are On The Way Up
May 10We Think You Should Be Aware Of Some Concerning Factors In Smart Parking's (ASX:SPZ) Earnings
Aug 29Smart Parking (ASX:SPZ) Might Have The Makings Of A Multi-Bagger
Aug 15Here's Why Smart Parking (ASX:SPZ) Has A Meaningful Debt Burden
Apr 19We Like These Underlying Trends At Smart Parking (ASX:SPZ)
Mar 02How Should Investors Feel About Smart Parking's (ASX:SPZ) CEO Remuneration?
Jan 25We're Hopeful That Smart Parking (ASX:SPZ) Will Use Its Cash Wisely
Dec 01Financial Position Analysis
Short Term Liabilities: SPZ's short term assets (A$24.7M) exceed its short term liabilities (A$20.3M).
Long Term Liabilities: SPZ's short term assets (A$24.7M) exceed its long term liabilities (A$9.4M).
Debt to Equity History and Analysis
Debt Level: SPZ has more cash than its total debt.
Reducing Debt: SPZ's debt to equity ratio has increased from 0% to 0.9% over the past 5 years.
Debt Coverage: SPZ's debt is well covered by operating cash flow (5658.6%).
Interest Coverage: SPZ's interest payments on its debt are well covered by EBIT (11.3x coverage).