Playtech Balance Sheet Health
Financial Health criteria checks 5/6
Playtech has a total shareholder equity of €1.8B and total debt of €646.1M, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are €3.3B and €1.5B respectively. Playtech's EBIT is €212.1M making its interest coverage ratio 7.9. It has cash and short-term investments of €516.2M.
Key information
35.8%
Debt to equity ratio
€646.10m
Debt
Interest coverage ratio | 7.9x |
Cash | €516.20m |
Equity | €1.81b |
Total liabilities | €1.52b |
Total assets | €3.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PL8's short term assets (€849.9M) exceed its short term liabilities (€598.7M).
Long Term Liabilities: PL8's short term assets (€849.9M) do not cover its long term liabilities (€920.9M).
Debt to Equity History and Analysis
Debt Level: PL8's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: PL8's debt to equity ratio has reduced from 60.1% to 35.8% over the past 5 years.
Debt Coverage: PL8's debt is well covered by operating cash flow (56.8%).
Interest Coverage: PL8's interest payments on its debt are well covered by EBIT (7.9x coverage).