Progress Software Balance Sheet Health
Financial Health criteria checks 3/6
Progress Software has a total shareholder equity of $425.6M and total debt of $795.3M, which brings its debt-to-equity ratio to 186.9%. Its total assets and total liabilities are $1.6B and $1.2B respectively. Progress Software's EBIT is $139.9M making its interest coverage ratio 5.6. It has cash and short-term investments of $232.7M.
Key information
186.9%
Debt to equity ratio
US$795.28m
Debt
| Interest coverage ratio | 5.6x |
| Cash | US$232.71m |
| Equity | US$425.61m |
| Total liabilities | US$1.19b |
| Total assets | US$1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($388.6M) exceed its short term liabilities ($314.9M).
Long Term Liabilities: PGR's short term assets ($388.6M) do not cover its long term liabilities ($879.4M).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: PGR's debt to equity ratio has increased from 90% to 186.9% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (28.3%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (5.6x coverage).