PROVEN Group Balance Sheet Health
Financial Health criteria checks 1/6
PROVEN Group has a total shareholder equity of $120.0M and total debt of $214.9M, which brings its debt-to-equity ratio to 179%. Its total assets and total liabilities are $1.1B and $961.2M respectively. PROVEN Group's EBIT is $16.6M making its interest coverage ratio 0.7. It has cash and short-term investments of $153.4M.
Key information
179.0%
Debt to equity ratio
US$214.93m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$153.37m |
| Equity | US$120.05m |
| Total liabilities | US$961.24m |
| Total assets | US$1.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROVENJA's short term assets ($414.3M) exceed its short term liabilities ($85.0M).
Long Term Liabilities: PROVENJA's short term assets ($414.3M) do not cover its long term liabilities ($876.3M).
Debt to Equity History and Analysis
Debt Level: PROVENJA's net debt to equity ratio (51.3%) is considered high.
Reducing Debt: PROVENJA's debt to equity ratio has increased from 141.9% to 179% over the past 5 years.
Debt Coverage: PROVENJA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PROVENJA's interest payments on its debt are not well covered by EBIT (0.7x coverage).