Parkit Enterprise Balance Sheet Health
Financial Health criteria checks 1/6
Parkit Enterprise has a total shareholder equity of CA$144.2M and total debt of CA$171.3M, which brings its debt-to-equity ratio to 118.8%. Its total assets and total liabilities are CA$324.8M and CA$180.6M respectively. Parkit Enterprise's EBIT is CA$4.5M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$7.8M.
Key information
118.8%
Debt to equity ratio
CA$171.34m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$7.75m |
| Equity | CA$144.19m |
| Total liabilities | CA$180.60m |
| Total assets | CA$324.80m |
Recent financial health updates
Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?
Oct 22
Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt
Jun 07These 4 Measures Indicate That Parkit Enterprise (CVE:PKT) Is Using Debt Extensively
Feb 16Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?
Mar 27We Think Parkit Enterprise (CVE:PKT) Has A Fair Chunk Of Debt
Nov 11Recent updates
Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?
Oct 22Parkit Enterprise (CVE:PKT) Takes On Some Risk With Its Use Of Debt
Jun 07These 4 Measures Indicate That Parkit Enterprise (CVE:PKT) Is Using Debt Extensively
Feb 16Estimating The Fair Value Of Parkit Enterprise Inc. (CVE:PKT)
Jun 22Is Parkit Enterprise (CVE:PKT) Using Too Much Debt?
Mar 27We Think Parkit Enterprise (CVE:PKT) Has A Fair Chunk Of Debt
Nov 11Financial Position Analysis
Short Term Liabilities: PKT's short term assets (CA$10.8M) exceed its short term liabilities (CA$5.4M).
Long Term Liabilities: PKT's short term assets (CA$10.8M) do not cover its long term liabilities (CA$175.2M).
Debt to Equity History and Analysis
Debt Level: PKT's net debt to equity ratio (113.5%) is considered high.
Reducing Debt: PKT's debt to equity ratio has increased from 0% to 118.8% over the past 5 years.
Debt Coverage: PKT's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: PKT's interest payments on its debt are not well covered by EBIT (0.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 01:19 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Parkit Enterprise Inc. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rothschild | Canaccord Genuity |
| Sairam Srinivas | Cormark Securities Inc. |
| Siddharth Rajeev | Fundamental Research Corp. |