SP Plus Balance Sheet Health
Financial Health criteria checks 1/6
SP Plus has a total shareholder equity of $260.6M and total debt of $323.4M, which brings its debt-to-equity ratio to 124.1%. Its total assets and total liabilities are $1.1B and $881.8M respectively. SP Plus's EBIT is $93.2M making its interest coverage ratio 3.2. It has cash and short-term investments of $17.8M.
Key information
124.1%
Debt to equity ratio
US$323.40m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$17.80m |
| Equity | US$260.60m |
| Total liabilities | US$881.80m |
| Total assets | US$1.14b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PZA's short term assets ($210.4M) do not cover its short term liabilities ($325.9M).
Long Term Liabilities: PZA's short term assets ($210.4M) do not cover its long term liabilities ($555.9M).
Debt to Equity History and Analysis
Debt Level: PZA's net debt to equity ratio (117.3%) is considered high.
Reducing Debt: PZA's debt to equity ratio has increased from 98.1% to 124.1% over the past 5 years.
Debt Coverage: PZA's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: PZA's interest payments on its debt are well covered by EBIT (3.2x coverage).