PROVEN Group Balance Sheet Health
Financial Health criteria checks 1/6
PROVEN Group has a total shareholder equity of $134.1M and total debt of $306.9M, which brings its debt-to-equity ratio to 228.9%. Its total assets and total liabilities are $1.1B and $924.8M respectively. PROVEN Group's EBIT is $19.7M making its interest coverage ratio 0.8. It has cash and short-term investments of $117.6M.
Key information
228.9%
Debt to equity ratio
US$306.90m
Debt
| Interest coverage ratio | 0.8x |
| Cash | US$117.58m |
| Equity | US$134.09m |
| Total liabilities | US$924.79m |
| Total assets | US$1.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROVEN's short term assets ($360.2M) exceed its short term liabilities ($72.3M).
Long Term Liabilities: PROVEN's short term assets ($360.2M) do not cover its long term liabilities ($852.5M).
Debt to Equity History and Analysis
Debt Level: PROVEN's net debt to equity ratio (141.2%) is considered high.
Reducing Debt: PROVEN's debt to equity ratio has increased from 116.9% to 228.9% over the past 5 years.
Debt Coverage: PROVEN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PROVEN's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 07:46 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
PROVEN Group Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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