Progress Software Balance Sheet Health
Financial Health criteria checks 2/6
Progress Software has a total shareholder equity of $461.7M and total debt of $691.3M, which brings its debt-to-equity ratio to 149.7%. Its total assets and total liabilities are $1.5B and $1.1B respectively. Progress Software's EBIT is $127.4M making its interest coverage ratio 4.3. It has cash and short-term investments of $133.2M.
Key information
149.7%
Debt to equity ratio
US$691.26m
Debt
Interest coverage ratio | 4.3x |
Cash | US$133.22m |
Equity | US$461.74m |
Total liabilities | US$1.09b |
Total assets | US$1.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGR's short term assets ($297.3M) do not cover its short term liabilities ($312.2M).
Long Term Liabilities: PGR's short term assets ($297.3M) do not cover its long term liabilities ($773.8M).
Debt to Equity History and Analysis
Debt Level: PGR's net debt to equity ratio (120.9%) is considered high.
Reducing Debt: PGR's debt to equity ratio has increased from 37.4% to 149.7% over the past 5 years.
Debt Coverage: PGR's debt is well covered by operating cash flow (28.6%).
Interest Coverage: PGR's interest payments on its debt are well covered by EBIT (4.3x coverage).