Planet Fitness Balance Sheet Health
Financial Health criteria checks 1/6
Planet Fitness has a total shareholder equity of $-267.1M and total debt of $2.2B, which brings its debt-to-equity ratio to -814.2%. Its total assets and total liabilities are $3.0B and $3.3B respectively. Planet Fitness's EBIT is $313.9M making its interest coverage ratio 4.5. It has cash and short-term investments of $407.4M.
Key information
-814.2%
Debt to equity ratio
US$2.17b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$407.41m |
| Equity | -US$267.11m |
| Total liabilities | US$3.32b |
| Total assets | US$3.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KJD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 0KJD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 0KJD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 0KJD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: 0KJD's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: 0KJD's interest payments on its debt are well covered by EBIT (4.5x coverage).