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 $18.4M 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).