Planet Fitness Balance Sheet Health
Financial Health criteria checks 1/6
Planet Fitness has a total shareholder equity of $-119.0M and total debt of $2.0B, which brings its debt-to-equity ratio to -1667%. Its total assets and total liabilities are $3.0B and $3.1B respectively. Planet Fitness's EBIT is $286.9M making its interest coverage ratio 4.3. It has cash and short-term investments of $350.7M.
Key information
-1,667.0%
Debt to equity ratio
US$1.98b
Debt
Interest coverage ratio | 4.3x |
Cash | US$350.74m |
Equity | -US$118.99m |
Total liabilities | US$3.09b |
Total assets | US$2.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3PL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 3PL has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 3PL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 3PL's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 3PL's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: 3PL's interest payments on its debt are well covered by EBIT (4.3x coverage).