Perma-Pipe International Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Perma-Pipe International Holdings has a total shareholder equity of $76.6M and total debt of $27.8M, which brings its debt-to-equity ratio to 36.2%. Its total assets and total liabilities are $159.2M and $82.5M respectively. Perma-Pipe International Holdings's EBIT is $19.9M making its interest coverage ratio 9.3. It has cash and short-term investments of $9.5M.
Key information
36.2%
Debt to equity ratio
US$27.77m
Debt
| Interest coverage ratio | 9.3x |
| Cash | US$9.46m |
| Equity | US$76.64m |
| Total liabilities | US$82.55m |
| Total assets | US$159.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MF3's short term assets ($100.8M) exceed its short term liabilities ($56.5M).
Long Term Liabilities: MF3's short term assets ($100.8M) exceed its long term liabilities ($26.1M).
Debt to Equity History and Analysis
Debt Level: MF3's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: MF3's debt to equity ratio has increased from 25.8% to 36.2% over the past 5 years.
Debt Coverage: MF3's debt is well covered by operating cash flow (54.1%).
Interest Coverage: MF3's interest payments on its debt are well covered by EBIT (9.3x coverage).