SP Plus Balance Sheet Health
Financial Health criteria checks 1/6
SP Plus has a total shareholder equity of $250.7M and total debt of $328.0M, which brings its debt-to-equity ratio to 130.8%. Its total assets and total liabilities are $1.2B and $901.2M respectively. SP Plus's EBIT is $91.9M making its interest coverage ratio 3.2. It has cash and short-term investments of $19.1M.
Key information
130.8%
Debt to equity ratio
US$328.00m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$19.10m |
| Equity | US$250.70m |
| Total liabilities | US$901.20m |
| Total assets | US$1.15b |
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 12Is SP Plus (NASDAQ:SP) Using Too Much Debt?
Jan 20
Recent 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 10Is SP Plus (NASDAQ:SP) Using Too Much Debt?
Jan 20Have Insiders Sold SP Plus Corporation (NASDAQ:SP) Shares Recently?
Dec 30Why SP Plus Corporation (NASDAQ:SP) Could Be Worth Watching
Dec 29What Can We Learn About SP Plus' (NASDAQ:SP) CEO Compensation?
Dec 11Financial Position Analysis
Short Term Liabilities: SP's short term assets ($212.2M) do not cover its short term liabilities ($337.4M).
Long Term Liabilities: SP's short term assets ($212.2M) do not cover its long term liabilities ($563.8M).
Debt to Equity History and Analysis
Debt Level: SP's net debt to equity ratio (123.2%) is considered high.
Reducing Debt: SP's debt to equity ratio has increased from 104.9% to 130.8% over the past 5 years.
Debt Coverage: SP's debt is not well covered by operating cash flow (17%).
Interest Coverage: SP's interest payments on its debt are well covered by EBIT (3.2x coverage).