Pro-Dex Balance Sheet Health
Financial Health criteria checks 5/6
Pro-Dex has a total shareholder equity of $31.8M and total debt of $12.1M, which brings its debt-to-equity ratio to 38%. Its total assets and total liabilities are $51.4M and $19.6M respectively. Pro-Dex's EBIT is $6.3M making its interest coverage ratio 14.6. It has cash and short-term investments of $7.1M.
Key information
38.0%
Debt to equity ratio
US$12.07m
Debt
Interest coverage ratio | 14.6x |
Cash | US$7.09m |
Equity | US$31.79m |
Total liabilities | US$19.64m |
Total assets | US$51.43m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PDXN's short term assets ($36.6M) exceed its short term liabilities ($10.0M).
Long Term Liabilities: PDXN's short term assets ($36.6M) exceed its long term liabilities ($9.7M).
Debt to Equity History and Analysis
Debt Level: PDXN's net debt to equity ratio (15.7%) is considered satisfactory.
Reducing Debt: PDXN's debt to equity ratio has increased from 28.7% to 38% over the past 5 years.
Debt Coverage: PDXN's debt is well covered by operating cash flow (33.7%).
Interest Coverage: PDXN's interest payments on its debt are well covered by EBIT (14.6x coverage).