PetIQ Balance Sheet Health
Financial Health criteria checks 1/6
PetIQ has a total shareholder equity of $223.0M and total debt of $445.2M, which brings its debt-to-equity ratio to 199.7%. Its total assets and total liabilities are $868.2M and $645.2M respectively. PetIQ's EBIT is $54.0M making its interest coverage ratio 1.6. It has cash and short-term investments of $116.4M.
Key information
199.7%
Debt to equity ratio
US$445.23m
Debt
Interest coverage ratio | 1.6x |
Cash | US$116.37m |
Equity | US$223.00m |
Total liabilities | US$645.23m |
Total assets | US$868.23m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 39L's short term assets ($430.8M) exceed its short term liabilities ($189.5M).
Long Term Liabilities: 39L's short term assets ($430.8M) do not cover its long term liabilities ($455.7M).
Debt to Equity History and Analysis
Debt Level: 39L's net debt to equity ratio (147.5%) is considered high.
Reducing Debt: 39L's debt to equity ratio has increased from 33.7% to 199.7% over the past 5 years.
Debt Coverage: 39L's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 39L's interest payments on its debt are not well covered by EBIT (1.6x coverage).