Parkland Balance Sheet Health
Financial Health criteria checks 2/6
Parkland has a total shareholder equity of CA$3.2B and total debt of CA$5.3B, which brings its debt-to-equity ratio to 166.9%. Its total assets and total liabilities are CA$13.9B and CA$10.7B respectively. Parkland's EBIT is CA$1.0B making its interest coverage ratio 2.9. It has cash and short-term investments of CA$390.0M.
Key information
166.9%
Debt to equity ratio
CA$5.31b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CA$390.00m |
| Equity | CA$3.18b |
| Total liabilities | CA$10.69b |
| Total assets | CA$13.87b |
Recent financial health updates
Is Parkland (TSE:PKI) A Risky Investment?
Jul 27
We Think Parkland (TSE:PKI) Is Taking Some Risk With Its Debt
Apr 16Parkland (TSE:PKI) Takes On Some Risk With Its Use Of Debt
Nov 25Is Parkland (TSE:PKI) Using Too Much Debt?
Aug 11Parkland (TSE:PKI) Seems To Use Debt Quite Sensibly
Aug 13Recent updates
If EPS Growth Is Important To You, Parkland (TSE:PKI) Presents An Opportunity
Jan 03Investors Appear Satisfied With Parkland Corporation's (TSE:PKI) Prospects
Dec 18Parkland Corporation's (TSE:PKI) Intrinsic Value Is Potentially 40% Above Its Share Price
Oct 23If EPS Growth Is Important To You, Parkland (TSE:PKI) Presents An Opportunity
Sep 26Is Parkland (TSE:PKI) A Risky Investment?
Jul 27Estimating The Intrinsic Value Of Parkland Corporation (TSE:PKI)
Jul 12We Think Parkland (TSE:PKI) Is Taking Some Risk With Its Debt
Apr 16A Look At The Intrinsic Value Of Parkland Corporation (TSE:PKI)
Mar 31Is Parkland Corporation (TSE:PKI) Trading At A 26% Discount?
Dec 27Parkland (TSE:PKI) Takes On Some Risk With Its Use Of Debt
Nov 25Are Investors Undervaluing Parkland Corporation (TSE:PKI) By 38%?
Sep 22Is Parkland (TSE:PKI) Using Too Much Debt?
Aug 11Are Investors Undervaluing Parkland Corporation (TSE:PKI) By 43%?
Jun 14Parkland Corporation's (TSE:PKI) Intrinsic Value Is Potentially 45% Above Its Share Price
Mar 15Parkland Corporation (TSE:PKI) Shares Could Be 23% Below Their Intrinsic Value Estimate
Dec 08Parkland's (TSE:PKI) Dividend Will Be CA$0.10
Nov 16Parkland (TSE:PKI) Has Re-Affirmed Its Dividend Of CA$0.10
Oct 17Parkland (TSE:PKI) Has Re-Affirmed Its Dividend Of CA$0.10
Aug 16Parkland (TSE:PKI) Seems To Use Debt Quite Sensibly
Aug 13Financial Position Analysis
Short Term Liabilities: PKI's short term assets (CA$4.3B) exceed its short term liabilities (CA$3.4B).
Long Term Liabilities: PKI's short term assets (CA$4.3B) do not cover its long term liabilities (CA$7.3B).
Debt to Equity History and Analysis
Debt Level: PKI's net debt to equity ratio (154.7%) is considered high.
Reducing Debt: PKI's debt to equity ratio has increased from 139.8% to 166.9% over the past 5 years.
Debt Coverage: PKI's debt is well covered by operating cash flow (33.5%).
Interest Coverage: PKI's interest payments on its debt are not well covered by EBIT (2.9x coverage).