Balance Sheet Health
Financial Health criteria checks 6/6
Parsons has a total shareholder equity of $2.3B and total debt of $1.2B, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are $5.2B and $2.9B respectively. Parsons's EBIT is $440.2M making its interest coverage ratio 11.7. It has cash and short-term investments of $528.5M.
Key information
53.8%
Debt to equity ratio
US$1.25b
Debt
| Interest coverage ratio | 11.7x |
| Cash | US$528.46m |
| Equity | US$2.32b |
| Total liabilities | US$2.92b |
| Total assets | US$5.24b |
Recent financial health updates
Is Parsons (NYSE:PSN) Using Too Much Debt?
Mar 21
Does Parsons (NYSE:PSN) Have A Healthy Balance Sheet?
Oct 25Parsons (NYSE:PSN) Seems To Use Debt Rather Sparingly
Jul 26Parsons (NYSE:PSN) Seems To Use Debt Rather Sparingly
Apr 26We Think Parsons (NYSE:PSN) Can Manage Its Debt With Ease
Jan 26Is Parsons (NYSE:PSN) Using Too Much Debt?
Oct 17Recent updates
An Intrinsic Calculation For Parsons Corporation (NYSE:PSN) Suggests It's 23% Undervalued
Sep 05Parsons: Simply Impressive Growth, But Still A Hold
Aug 21What Does Parsons Corporation's (NYSE:PSN) Share Price Indicate?
Aug 21Many Still Looking Away From Parsons Corporation (NYSE:PSN)
Jul 26Parsons: This May Be A Hidden Gem, But I Need Proof Its Growth Is Sustainable
Jun 20Investors Met With Slowing Returns on Capital At Parsons (NYSE:PSN)
Jun 11Parsons Corporation's (NYSE:PSN) Intrinsic Value Is Potentially 31% Above Its Share Price
May 24We Think You Can Look Beyond Parsons' (NYSE:PSN) Lackluster Earnings
May 08Should You Be Adding Parsons (NYSE:PSN) To Your Watchlist Today?
Apr 22Parsons Corporation: Impressive Recent Performance Means Lucrative Future
Apr 11Is Parsons (NYSE:PSN) Using Too Much Debt?
Mar 21Parsons Corporation (NYSE:PSN) Stocks Shoot Up 26% But Its P/E Still Looks Reasonable
Mar 05Parsons: The Stock Is Not Cheap Enough Yet
Feb 28Why Parsons Corporation (NYSE:PSN) Could Be Worth Watching
Feb 05Parsons (NYSE:PSN) May Have Issues Allocating Its Capital
Jan 19Getting In Cheap On Parsons Corporation (NYSE:PSN) Might Be Difficult
Jan 04Here's Why Parsons (NYSE:PSN) Has Caught The Eye Of Investors
Dec 15Is Parsons Corporation (NYSE:PSN) Trading At A 39% Discount?
Nov 30Parsons Corporation: Upside Still Not Very Attractive
Nov 17Does Parsons (NYSE:PSN) Have A Healthy Balance Sheet?
Oct 25Parsons: 2023 Is Working Out So Far
Oct 15Should You Think About Buying Parsons Corporation (NYSE:PSN) Now?
Oct 10The Returns On Capital At Parsons (NYSE:PSN) Don't Inspire Confidence
Sep 22We Ran A Stock Scan For Earnings Growth And Parsons (NYSE:PSN) Passed With Ease
Sep 07Parsons Corporation's (NYSE:PSN) Intrinsic Value Is Potentially 49% Above Its Share Price
Aug 22Parsons: Performance Is Good But Valuation Is Expensive
Aug 11Parsons (NYSE:PSN) Seems To Use Debt Rather Sparingly
Jul 26Is Now The Time To Look At Buying Parsons Corporation (NYSE:PSN)?
Jul 07Here's What's Concerning About Parsons' (NYSE:PSN) Returns On Capital
Jun 22Parsons Corporation: Getting Incrementally Positive If Momentum Continues
Jun 07Parsons Corporation (NYSE:PSN) Shares Could Be 30% Below Their Intrinsic Value Estimate
May 10Parsons (NYSE:PSN) Seems To Use Debt Rather Sparingly
Apr 26Parsons (NYSE:PSN) Might Be Having Difficulty Using Its Capital Effectively
Mar 09Parsons selected by U.S. CYBERCOM for military cyberspace operations
Feb 22Parsons Q4 2022 Earnings Preview
Feb 14Parsons gets contract amended on Canada's Giant Mine
Feb 08Parsons selected to work on Saudi Arabia's ambitious Line project
Feb 01We Think Parsons (NYSE:PSN) Can Manage Its Debt With Ease
Jan 26Is Parsons Corporation (NYSE:PSN) Trading At A 31% Discount?
Jan 10Parsons' unit clinches $79.5M order to upkeep USAF security systems
Jan 09Parsons: Not Very Defensive
Dec 29Parsons bags $95M global NAVFAC contract to plan US Navy infrastructure
Dec 15Is It Too Late To Consider Buying Parsons Corporation (NYSE:PSN)?
Dec 15Here's What's Concerning About Parsons' (NYSE:PSN) Returns On Capital
Dec 01Parsons bags $28M order to investigate PFAS impact at Army National Guard facilities
Nov 07Parsons Q3 2022 Earnings Preview
Nov 01Parsons team wins $16M contract to support POES operations
Oct 19Is Parsons (NYSE:PSN) Using Too Much Debt?
Oct 17Parsons Corporation (NYSE:PSN) Shares Could Be 50% Below Their Intrinsic Value Estimate
Oct 04Parsons secures a $104M contract from the Missile Defense Agency
Sep 28Parsons secures U.S. army chemical and biological defense IDIQ contract
Sep 20The Returns On Capital At Parsons (NYSE:PSN) Don't Inspire Confidence
Sep 01Financial Position Analysis
Short Term Liabilities: PSN's short term assets ($2.6B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: PSN's short term assets ($2.6B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: PSN's net debt to equity ratio (31%) is considered satisfactory.
Reducing Debt: PSN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: PSN's debt is well covered by operating cash flow (39.4%).
Interest Coverage: PSN's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
Discover healthy companies
7D
1Y
7D
1Y
7D
1Y