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Probiotec Balance Sheet Health
Financial Health criteria checks 4/6
Probiotec has a total shareholder equity of A$88.3M and total debt of A$46.4M, which brings its debt-to-equity ratio to 52.5%. Its total assets and total liabilities are A$231.4M and A$143.1M respectively. Probiotec's EBIT is A$19.0M making its interest coverage ratio 3.2. It has cash and short-term investments of A$12.8M.
Key information
52.5%
Debt to equity ratio
AU$46.36m
Debt
| Interest coverage ratio | 3.2x |
| Cash | AU$12.84m |
| Equity | AU$88.33m |
| Total liabilities | AU$143.11m |
| Total assets | AU$231.44m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PBP's short term assets (A$72.6M) exceed its short term liabilities (A$46.0M).
Long Term Liabilities: PBP's short term assets (A$72.6M) do not cover its long term liabilities (A$97.1M).
Debt to Equity History and Analysis
Debt Level: PBP's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: PBP's debt to equity ratio has increased from 16.2% to 52.5% over the past 5 years.
Debt Coverage: PBP's debt is well covered by operating cash flow (33.8%).
Interest Coverage: PBP's interest payments on its debt are well covered by EBIT (3.2x coverage).