Promisia Healthcare Balance Sheet Health
Financial Health criteria checks 1/6
Promisia Healthcare has a total shareholder equity of NZ$19.9M and total debt of NZ$30.4M, which brings its debt-to-equity ratio to 152.6%. Its total assets and total liabilities are NZ$73.6M and NZ$53.7M respectively. Promisia Healthcare's EBIT is NZ$2.1M making its interest coverage ratio 0.8. It has cash and short-term investments of NZ$364.0K.
Key information
152.6%
Debt to equity ratio
NZ$30.43m
Debt
Interest coverage ratio | 0.8x |
Cash | NZ$364.00k |
Equity | NZ$19.94m |
Total liabilities | NZ$53.68m |
Total assets | NZ$73.61m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PHL's short term assets (NZ$2.8M) do not cover its short term liabilities (NZ$23.6M).
Long Term Liabilities: PHL's short term assets (NZ$2.8M) do not cover its long term liabilities (NZ$30.1M).
Debt to Equity History and Analysis
Debt Level: PHL's net debt to equity ratio (150.8%) is considered high.
Reducing Debt: PHL's debt to equity ratio has increased from 98.2% to 152.6% over the past 5 years.
Debt Coverage: PHL's debt is well covered by operating cash flow (23.7%).
Interest Coverage: PHL's interest payments on its debt are not well covered by EBIT (0.8x coverage).