Preformed Line Products Balance Sheet Health
Financial Health criteria checks 6/6
Preformed Line Products has a total shareholder equity of $429.0M and total debt of $35.2M, which brings its debt-to-equity ratio to 8.2%. Its total assets and total liabilities are $592.0M and $163.0M respectively. Preformed Line Products's EBIT is $40.1M making its interest coverage ratio 495.6. It has cash and short-term investments of $47.5M.
Key information
8.2%
Debt to equity ratio
US$35.21m
Debt
| Interest coverage ratio | 495.6x |
| Cash | US$47.50m |
| Equity | US$428.99m |
| Total liabilities | US$162.97m |
| Total assets | US$591.95m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P4L's short term assets ($320.6M) exceed its short term liabilities ($114.0M).
Long Term Liabilities: P4L's short term assets ($320.6M) exceed its long term liabilities ($49.0M).
Debt to Equity History and Analysis
Debt Level: P4L has more cash than its total debt.
Reducing Debt: P4L's debt to equity ratio has reduced from 24.3% to 8.2% over the past 5 years.
Debt Coverage: P4L's debt is well covered by operating cash flow (178.1%).
Interest Coverage: P4L's interest payments on its debt are well covered by EBIT (495.6x coverage).