SP Plus Balance Sheet Health
Financial Health criteria checks 1/6
SP Plus has a total shareholder equity of $250.7M and total debt of $328.0M, which brings its debt-to-equity ratio to 130.8%. Its total assets and total liabilities are $1.2B and $901.2M respectively. SP Plus's EBIT is $91.9M making its interest coverage ratio 3.2. It has cash and short-term investments of $19.1M.
Key information
130.8%
Debt to equity ratio
US$328.00m
Debt
Interest coverage ratio | 3.2x |
Cash | US$19.10m |
Equity | US$250.70m |
Total liabilities | US$901.20m |
Total assets | US$1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PZA's short term assets ($212.2M) do not cover its short term liabilities ($337.4M).
Long Term Liabilities: PZA's short term assets ($212.2M) do not cover its long term liabilities ($563.8M).
Debt to Equity History and Analysis
Debt Level: PZA's net debt to equity ratio (123.2%) is considered high.
Reducing Debt: PZA's debt to equity ratio has increased from 104.9% to 130.8% over the past 5 years.
Debt Coverage: PZA's debt is not well covered by operating cash flow (17%).
Interest Coverage: PZA's interest payments on its debt are well covered by EBIT (3.2x coverage).