Pizza Pizza Royalty Balance Sheet Health
Financial Health criteria checks 4/6
Pizza Pizza Royalty has a total shareholder equity of CA$298.9M and total debt of CA$47.0M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are CA$374.2M and CA$75.3M respectively. Pizza Pizza Royalty's EBIT is CA$39.3M making its interest coverage ratio 46.1. It has cash and short-term investments of CA$6.3M.
Key information
15.7%
Debt to equity ratio
CA$46.99m
Debt
| Interest coverage ratio | 46.1x |
| Cash | CA$6.31m |
| Equity | CA$298.88m |
| Total liabilities | CA$75.28m |
| Total assets | CA$374.16m |
Recent financial health updates
No updates
Recent updates
Pizza Pizza Royalty (TSE:PZA) Will Pay A Dividend Of CA$0.0675
Aug 23
Pizza Pizza Royalty (TSE:PZA) Is Increasing Its Dividend To CA$0.068
Jun 28Pizza Pizza Royalty's (TSE:PZA) Dividend Will Be Increased To CA$0.065
Mar 24Pizza Pizza Royalty's (TSE:PZA) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 24Pizza Pizza Royalty (TSE:PZA) Has Re-Affirmed Its Dividend Of CA$0.06
Dec 24Pizza Pizza Royalty's (TSE:PZA) Dividend Will Be Increased To CA$0.06
Nov 21Pizza Pizza Royalty (TSE:PZA) Is Increasing Its Dividend To CA$0.06
Sep 24Pizza Pizza Royalty's (TSE:PZA) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 21Pizza Pizza Royalty (TSE:PZA) Is Due To Pay A Dividend Of CA$0.055
Jun 22Read This Before Buying Pizza Pizza Royalty Corp. (TSE:PZA) For Its Dividend
May 11Returns On Capital At Pizza Pizza Royalty (TSE:PZA) Have Hit The Brakes
Apr 03Financial Position Analysis
Short Term Liabilities: PZA's short term assets (CA$9.7M) do not cover its short term liabilities (CA$50.4M).
Long Term Liabilities: PZA's short term assets (CA$9.7M) do not cover its long term liabilities (CA$24.9M).
Debt to Equity History and Analysis
Debt Level: PZA's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: PZA's debt to equity ratio has reduced from 16.3% to 15.7% over the past 5 years.
Debt Coverage: PZA's debt is well covered by operating cash flow (66.9%).
Interest Coverage: PZA's interest payments on its debt are well covered by EBIT (46.1x coverage).