Playtech Balance Sheet Health
Financial Health criteria checks 6/6
Playtech has a total shareholder equity of €1.8B and total debt of €646.7M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are €3.4B and €1.6B respectively. Playtech's EBIT is €225.7M making its interest coverage ratio 10.7. It has cash and short-term investments of €569.5M.
Key information
35.5%
Debt to equity ratio
€646.70m
Debt
| Interest coverage ratio | 10.7x |
| Cash | €569.50m |
| Equity | €1.82b |
| Total liabilities | €1.55b |
| Total assets | €3.38b |
Recent financial health updates
No updates
Recent updates
Statutory Profit Doesn't Reflect How Good Playtech's (LON:PTEC) Earnings Are
Oct 07
An Intrinsic Calculation For Playtech plc (LON:PTEC) Suggests It's 32% Undervalued
Sep 10Should You Think About Buying Playtech plc (LON:PTEC) Now?
Aug 22Playtech plc (LON:PTEC) Screens Well But There Might Be A Catch
May 05We Think Playtech's (LON:PTEC) Robust Earnings Are Conservative
Apr 04Why Playtech plc (LON:PTEC) Could Be Worth Watching
Mar 08Playtech plc (LON:PTEC) Shares Could Be 28% Above Their Intrinsic Value Estimate
Feb 16Playtech plc (LON:PTEC) Investors Are Less Pessimistic Than Expected
Jan 25Is It Time To Consider Buying Playtech plc (LON:PTEC)?
Nov 03Are Investors Undervaluing Playtech plc (LON:PTEC) By 42%?
Oct 19At UK£7.26, Is It Time To Put Playtech plc (LON:PTEC) On Your Watch List?
Nov 10Here's Why Shareholders Should Examine Playtech plc's (LON:PTEC) CEO Compensation Package More Closely
May 20The CEO & Executive Director of Playtech plc (LON:PTEC), Moran Weizer, Just Bought 7.3% More Shares
Mar 20Could The Playtech plc (LON:PTEC) Ownership Structure Tell Us Something Useful?
Mar 15Did Playtech's (LON:PTEC) Share Price Deserve to Gain 46%?
Feb 17Calculating The Intrinsic Value Of Playtech plc (LON:PTEC)
Jan 13
Have Insiders Been Buying Playtech plc (LON:PTEC) Shares This Year?
Dec 23How Should Investors Feel About Playtech's (LON:PTEC) CEO Remuneration?
Dec 02Financial Position Analysis
Short Term Liabilities: PTEC's short term assets (€990.8M) exceed its short term liabilities (€641.0M).
Long Term Liabilities: PTEC's short term assets (€990.8M) exceed its long term liabilities (€910.7M).
Debt to Equity History and Analysis
Debt Level: PTEC's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: PTEC's debt to equity ratio has reduced from 90.2% to 35.5% over the past 5 years.
Debt Coverage: PTEC's debt is well covered by operating cash flow (46.7%).
Interest Coverage: PTEC's interest payments on its debt are well covered by EBIT (10.7x coverage).