This company has been acquired
SP Plus Balance Sheet Health
Financial Health criteria checks 1/6
SP Plus has a total shareholder equity of $260.6M and total debt of $323.4M, which brings its debt-to-equity ratio to 124.1%. Its total assets and total liabilities are $1.1B and $881.8M respectively. SP Plus's EBIT is $93.2M making its interest coverage ratio 3.2. It has cash and short-term investments of $17.8M.
Key information
124.1%
Debt to equity ratio
US$323.40m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$17.80m |
| Equity | US$260.60m |
| Total liabilities | US$881.80m |
| Total assets | US$1.14b |
Recent financial health updates
Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly
Oct 29
SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet
Jul 22Is SP Plus (NASDAQ:SP) Using Too Much Debt?
Apr 12Recent updates
Should You Think About Buying SP Plus Corporation (NASDAQ:SP) Now?
Aug 09What Is SP Plus Corporation's (NASDAQ:SP) Share Price Doing?
Mar 14Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly
Oct 29SP Plus acquires K M P Associates, including AeroParker
Oct 11Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?
Sep 02SP Plus: A Good Place To Park Your Money
Jul 30SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet
Jul 22At US$31.38, Is It Time To Put SP Plus Corporation (NASDAQ:SP) On Your Watch List?
May 18SP Plus: A Unique Play On Mobility
Apr 14Is SP Plus (NASDAQ:SP) Using Too Much Debt?
Apr 12Is There An Opportunity With SP Plus Corporation's (NASDAQ:SP) 47% Undervaluation?
Feb 26At US$28.25, Is It Time To Put SP Plus Corporation (NASDAQ:SP) On Your Watch List?
Nov 30We Think SP Plus' (NASDAQ:SP) Healthy Earnings Might Be Conservative
Nov 04Is SP Plus Corporation (NASDAQ:SP) Expensive For A Reason? A Look At Its Intrinsic Value
Jul 30Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?
Apr 19Have Insiders Sold SP Plus Corporation (NASDAQ:SP) Shares Recently?
Mar 11Are SP Plus Corporation (NASDAQ:SP) Investors Paying Above The Intrinsic Value?
Mar 01Update: SP Plus (NASDAQ:SP) Stock Gained 39% In The Last Five Years
Feb 10Financial Position Analysis
Short Term Liabilities: SP's short term assets ($210.4M) do not cover its short term liabilities ($325.9M).
Long Term Liabilities: SP's short term assets ($210.4M) do not cover its long term liabilities ($555.9M).
Debt to Equity History and Analysis
Debt Level: SP's net debt to equity ratio (117.3%) is considered high.
Reducing Debt: SP's debt to equity ratio has increased from 98.1% to 124.1% over the past 5 years.
Debt Coverage: SP's debt is not well covered by operating cash flow (19.4%).
Interest Coverage: SP's interest payments on its debt are well covered by EBIT (3.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/16 00:24 |
| End of Day Share Price | 2024/05/16 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
SP Plus Corporation is covered by 7 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 |
|---|---|
| Andrea Wirth | Baird |
| Kevin Steinke | Barrington Research Associates, Inc. |
| Daniel Moore | CJS Securities, Inc. |