Prosafe Balance Sheet Health
Financial Health criteria checks 1/6
Prosafe has a total shareholder equity of $34.4M and total debt of $424.1M, which brings its debt-to-equity ratio to 1232.8%. Its total assets and total liabilities are $494.7M and $460.3M respectively. Prosafe's EBIT is $13.6M making its interest coverage ratio 0.8. It has cash and short-term investments of $57.6M.
Key information
1,232.8%
Debt to equity ratio
US$424.10m
Debt
Interest coverage ratio | 0.8x |
Cash | US$57.60m |
Equity | US$34.40m |
Total liabilities | US$460.30m |
Total assets | US$494.70m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRSO's short term assets ($103.8M) exceed its short term liabilities ($37.3M).
Long Term Liabilities: PRSO's short term assets ($103.8M) do not cover its long term liabilities ($423.0M).
Debt to Equity History and Analysis
Debt Level: PRSO's net debt to equity ratio (1065.4%) is considered high.
Reducing Debt: PRSO's debt to equity ratio has increased from 125.5% to 1232.8% over the past 5 years.
Debt Coverage: PRSO's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: PRSO's interest payments on its debt are not well covered by EBIT (0.8x coverage).