Smart Parking Balance Sheet Health
Financial Health criteria checks 5/6
Smart Parking has a total shareholder equity of A$26.0M and total debt of A$775.5K, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are A$57.2M and A$31.2M respectively. Smart Parking's EBIT is A$8.1M making its interest coverage ratio 13.3. It has cash and short-term investments of A$9.7M.
Key information
3.0%
Debt to equity ratio
AU$775.52k
Debt
Interest coverage ratio | 13.3x |
Cash | AU$9.71m |
Equity | AU$26.04m |
Total liabilities | AU$31.19m |
Total assets | AU$57.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SPZ's short term assets (A$26.0M) exceed its short term liabilities (A$16.4M).
Long Term Liabilities: SPZ's short term assets (A$26.0M) exceed its long term liabilities (A$14.8M).
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 3% over the past 5 years.
Debt Coverage: SPZ's debt is well covered by operating cash flow (1168.9%).
Interest Coverage: SPZ's interest payments on its debt are well covered by EBIT (13.3x coverage).