SPAR Group Balance Sheet Health
Financial Health criteria checks 6/6
SPAR Group has a total shareholder equity of $40.2M and total debt of $21.0M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are $90.3M and $50.0M respectively. SPAR Group's EBIT is $10.4M making its interest coverage ratio 5.4. It has cash and short-term investments of $10.7M.
Key information
52.3%
Debt to equity ratio
US$21.05m
Debt
Interest coverage ratio | 5.4x |
Cash | US$10.72m |
Equity | US$40.25m |
Total liabilities | US$50.04m |
Total assets | US$90.28m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PMH's short term assets ($76.1M) exceed its short term liabilities ($48.6M).
Long Term Liabilities: PMH's short term assets ($76.1M) exceed its long term liabilities ($1.5M).
Debt to Equity History and Analysis
Debt Level: PMH's net debt to equity ratio (25.7%) is considered satisfactory.
Reducing Debt: PMH's debt to equity ratio has reduced from 68.1% to 52.3% over the past 5 years.
Debt Coverage: PMH's debt is well covered by operating cash flow (32.4%).
Interest Coverage: PMH's interest payments on its debt are well covered by EBIT (5.4x coverage).