Payfare Balance Sheet Health
Financial Health criteria checks 6/6
Payfare has a total shareholder equity of CA$65.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$272.7M and CA$207.5M respectively. Payfare's EBIT is CA$8.6M making its interest coverage ratio -4.5. It has cash and short-term investments of CA$56.4M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -4.5x |
| Cash | CA$56.37m |
| Equity | CA$65.28m |
| Total liabilities | CA$207.45m |
| Total assets | CA$272.74m |
Recent financial health updates
We're Hopeful That Payfare (TSE:PAY) Will Use Its Cash Wisely
Jan 25
Here's Why We're Not Too Worried About Payfare's (TSE:PAY) Cash Burn Situation
Oct 05Payfare (TSE:PAY) Is In A Strong Position To Grow Its Business
Jun 19Recent updates
Further Upside For Payfare Inc. (TSE:PAY) Shares Could Introduce Price Risks After 31% Bounce
Jan 04Payfare Inc. (TSE:PAY) Doing What It Can To Lift Shares
Jul 18Rainbows and Unicorns: Payfare Inc. (TSE:PAY) Analysts Just Became A Lot More Optimistic
May 17We're Hopeful That Payfare (TSE:PAY) Will Use Its Cash Wisely
Jan 25Here's Why We're Not Too Worried About Payfare's (TSE:PAY) Cash Burn Situation
Oct 05Payfare (TSE:PAY) Is In A Strong Position To Grow Its Business
Jun 19Financial Position Analysis
Short Term Liabilities: PAY's short term assets (CA$265.7M) exceed its short term liabilities (CA$207.5M).
Long Term Liabilities: PAY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PAY is debt free.
Reducing Debt: PAY currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: PAY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: PAY has no debt, therefore coverage of interest payments is not a concern.