Playtech Balance Sheet Health
Financial Health criteria checks 6/6
Playtech has a total shareholder equity of €1.8B and total debt of €646.7M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are €3.4B and €1.6B respectively. Playtech's EBIT is €225.7M making its interest coverage ratio 10.7. It has cash and short-term investments of €569.5M.
Key information
35.5%
Debt to equity ratio
€646.70m
Debt
| Interest coverage ratio | 10.7x |
| Cash | €569.50m |
| Equity | €1.82b |
| Total liabilities | €1.55b |
| Total assets | €3.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PL8's short term assets (€990.8M) exceed its short term liabilities (€641.0M).
Long Term Liabilities: PL8's short term assets (€990.8M) exceed its long term liabilities (€910.7M).
Debt to Equity History and Analysis
Debt Level: PL8's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: PL8's debt to equity ratio has reduced from 90.2% to 35.5% over the past 5 years.
Debt Coverage: PL8's debt is well covered by operating cash flow (46.7%).
Interest Coverage: PL8's interest payments on its debt are well covered by EBIT (10.7x coverage).