ProPetro Holding Balance Sheet Health
Financial Health criteria checks 6/6
ProPetro Holding has a total shareholder equity of $998.4M and total debt of $45.0M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are $1.5B and $481.9M respectively. ProPetro Holding's EBIT is $206.3M making its interest coverage ratio 38.9. It has cash and short-term investments of $41.1M.
Key information
4.5%
Debt to equity ratio
US$45.00m
Debt
Interest coverage ratio | 38.9x |
Cash | US$41.10m |
Equity | US$998.39m |
Total liabilities | US$481.92m |
Total assets | US$1.48b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2PG's short term assets ($310.8M) exceed its short term liabilities ($271.1M).
Long Term Liabilities: 2PG's short term assets ($310.8M) exceed its long term liabilities ($210.8M).
Debt to Equity History and Analysis
Debt Level: 2PG's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 2PG's debt to equity ratio has reduced from 8.8% to 4.5% over the past 5 years.
Debt Coverage: 2PG's debt is well covered by operating cash flow (832.8%).
Interest Coverage: 2PG's interest payments on its debt are well covered by EBIT (38.9x coverage).