Paragon Care Balance Sheet Health
Financial Health criteria checks 4/6
Paragon Care has a total shareholder equity of A$18.9M and total debt of A$64.4M, which brings its debt-to-equity ratio to 340.9%. Its total assets and total liabilities are A$492.3M and A$473.4M respectively. Paragon Care's EBIT is A$29.1M making its interest coverage ratio 4.4. It has cash and short-term investments of A$970.0K.
Key information
340.9%
Debt to equity ratio
AU$64.36m
Debt
Interest coverage ratio | 4.4x |
Cash | AU$970.00k |
Equity | AU$18.88m |
Total liabilities | AU$473.41m |
Total assets | AU$492.29m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PXS's short term assets (A$428.3M) do not cover its short term liabilities (A$450.7M).
Long Term Liabilities: PXS's short term assets (A$428.3M) exceed its long term liabilities (A$22.7M).
Debt to Equity History and Analysis
Debt Level: PXS's net debt to equity ratio (335.7%) is considered high.
Reducing Debt: PXS's debt to equity ratio has reduced from 874.9% to 340.9% over the past 5 years.
Debt Coverage: PXS's debt is well covered by operating cash flow (34.8%).
Interest Coverage: PXS's interest payments on its debt are well covered by EBIT (4.4x coverage).