Parsons Balance Sheet Health
Financial Health criteria checks 6/6
Parsons has a total shareholder equity of $2.4B and total debt of $746.0M, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are $4.8B and $2.4B respectively. Parsons's EBIT is $340.3M making its interest coverage ratio 11.6. It has cash and short-term investments of $272.9M.
Key information
31.4%
Debt to equity ratio
US$745.96m
Debt
Interest coverage ratio | 11.6x |
Cash | US$272.94m |
Equity | US$2.38b |
Total liabilities | US$2.43b |
Total assets | US$4.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 59P's short term assets ($2.1B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: 59P's short term assets ($2.1B) exceed its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: 59P's net debt to equity ratio (19.9%) is considered satisfactory.
Reducing Debt: 59P had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 59P's debt is well covered by operating cash flow (54.7%).
Interest Coverage: 59P's interest payments on its debt are well covered by EBIT (11.6x coverage).