Parkit Enterprise Balance Sheet Health
Financial Health criteria checks 1/6
Parkit Enterprise has a total shareholder equity of CA$144.2M and total debt of CA$171.3M, which brings its debt-to-equity ratio to 118.8%. Its total assets and total liabilities are CA$324.8M and CA$180.6M respectively. Parkit Enterprise's EBIT is CA$4.5M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$7.8M.
Key information
118.8%
Debt to equity ratio
CA$171.34m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$7.75m |
| Equity | CA$144.19m |
| Total liabilities | CA$180.60m |
| Total assets | CA$324.80m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1TH's short term assets (CA$10.8M) exceed its short term liabilities (CA$5.4M).
Long Term Liabilities: 1TH's short term assets (CA$10.8M) do not cover its long term liabilities (CA$175.2M).
Debt to Equity History and Analysis
Debt Level: 1TH's net debt to equity ratio (113.5%) is considered high.
Reducing Debt: 1TH's debt to equity ratio has increased from 0% to 118.8% over the past 5 years.
Debt Coverage: 1TH's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: 1TH's interest payments on its debt are not well covered by EBIT (0.5x coverage).