Payfare Balance Sheet Health
Financial Health criteria checks 6/6
Payfare has a total shareholder equity of CA$87.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$368.4M and CA$281.0M respectively. Payfare's EBIT is CA$16.8M making its interest coverage ratio -8.5. It has cash and short-term investments of CA$87.6M.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -8.5x |
| Cash | CA$87.63m |
| Equity | CA$87.33m |
| Total liabilities | CA$281.03m |
| Total assets | CA$368.36m |
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
Little Excitement Around Payfare Inc.'s (TSE:PAY) Earnings As Shares Take 71% Pounding
Oct 09Payfare Inc.'s (TSE:PAY) 29% Jump Shows Its Popularity With Investors
Aug 21Do Payfare's (TSE:PAY) Earnings Warrant Your Attention?
Jul 27Payfare Inc. (TSE:PAY) Screens Well But There Might Be A Catch
Apr 28Further 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$347.5M) exceed its short term liabilities (CA$281.0M).
Long Term Liabilities: PAY's short term assets (CA$347.5M) exceed its long term liabilities (CA$32.2K).
Debt to Equity History and Analysis
Debt Level: PAY is debt free.
Reducing Debt: PAY has no debt compared to 5 years ago when its debt to equity ratio was 961.9%.
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.