Paragon Care Balance Sheet Health
Financial Health criteria checks 6/6
Paragon Care has a total shareholder equity of A$251.0M and total debt of A$111.7M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are A$478.4M and A$227.3M respectively. Paragon Care's EBIT is A$23.3M making its interest coverage ratio 3.4. It has cash and short-term investments of A$28.4M.
Key information
44.5%
Debt to equity ratio
AU$111.73m
Debt
Interest coverage ratio | 3.4x |
Cash | AU$28.35m |
Equity | AU$251.04m |
Total liabilities | AU$227.33m |
Total assets | AU$478.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGC's short term assets (A$139.2M) exceed its short term liabilities (A$106.8M).
Long Term Liabilities: PGC's short term assets (A$139.2M) exceed its long term liabilities (A$120.6M).
Debt to Equity History and Analysis
Debt Level: PGC's net debt to equity ratio (33.2%) is considered satisfactory.
Reducing Debt: PGC's debt to equity ratio has reduced from 50.3% to 44.5% over the past 5 years.
Debt Coverage: PGC's debt is well covered by operating cash flow (24.5%).
Interest Coverage: PGC's interest payments on its debt are well covered by EBIT (3.4x coverage).