Parkit Enterprise Balance Sheet Health
Financial Health criteria checks 1/6
Parkit Enterprise has a total shareholder equity of CA$149.2M and total debt of CA$168.4M, which brings its debt-to-equity ratio to 112.9%. Its total assets and total liabilities are CA$324.5M and CA$175.3M respectively. Parkit Enterprise's EBIT is CA$4.6M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$10.6M.
Key information
112.9%
Debt to equity ratio
CA$168.44m
Debt
Interest coverage ratio | 0.6x |
Cash | CA$10.56m |
Equity | CA$149.19m |
Total liabilities | CA$175.35m |
Total assets | CA$324.53m |
Financial Position Analysis
Short Term Liabilities: PKT's short term assets (CA$13.6M) exceed its short term liabilities (CA$3.4M).
Long Term Liabilities: PKT's short term assets (CA$13.6M) do not cover its long term liabilities (CA$171.9M).
Debt to Equity History and Analysis
Debt Level: PKT's net debt to equity ratio (105.8%) is considered high.
Reducing Debt: PKT's debt to equity ratio has increased from 0% to 112.9% over the past 5 years.
Debt Coverage: PKT's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: PKT's interest payments on its debt are not well covered by EBIT (0.6x coverage).