Planet Fitness Balance Sheet Health
Financial Health criteria checks 1/6
Planet Fitness has a total shareholder equity of $-119.0M and total debt of $2.0B, which brings its debt-to-equity ratio to -1667%. Its total assets and total liabilities are $3.0B and $3.1B respectively. Planet Fitness's EBIT is $286.9M making its interest coverage ratio 4.3. It has cash and short-term investments of $350.7M.
Key information
-1,667.0%
Debt to equity ratio
US$1.98b
Debt
| Interest coverage ratio | 4.3x |
| Cash | US$350.74m |
| Equity | -US$118.99m |
| Total liabilities | US$3.09b |
| Total assets | US$2.97b |
Recent financial health updates
No updates
Recent updates
Shareholders Should Be Pleased With Planet Fitness, Inc.'s (NYSE:PLNT) Price
Mar 24
Planet Fitness: Uncertainty Continues To Mount
Mar 09When Should You Buy Planet Fitness, Inc. (NYSE:PLNT)?
Feb 29Planet Fitness: Q4 Earnings Strong, But Decelerating Growth Ahead
Feb 22Planet Fitness: A Fit Stock With Fat Debt
Jan 10Planet Fitness: Remain Negative About The Near-Term Growth Outlook
Dec 25Shareholders Should Be Pleased With Planet Fitness, Inc.'s (NYSE:PLNT) Price
Dec 18Planet Fitness: A Justified Rally
Nov 07What Does Planet Fitness, Inc.'s (NYSE:PLNT) Share Price Indicate?
Nov 03Planet Fitness: Facing Challenges Amid Strong Performance
Sep 14Here's Why Planet Fitness (NYSE:PLNT) Has Caught The Eye Of Investors
Aug 17At US$67.65, Is Planet Fitness, Inc. (NYSE:PLNT) Worth Looking At Closely?
Jul 28Planet Fitness: The King Of An Asset-Light Business
Jul 25Estimating The Fair Value Of Planet Fitness, Inc. (NYSE:PLNT)
Jul 10Is Now The Time To Put Planet Fitness (NYSE:PLNT) On Your Watchlist?
May 08Is Now The Time To Look At Buying Planet Fitness, Inc. (NYSE:PLNT)?
Apr 17Estimating The Intrinsic Value Of Planet Fitness, Inc. (NYSE:PLNT)
Mar 22Planet Fitness Q4 2022 Earnings Preview
Feb 22Planet Fitness: Unhealthy Debt In This Business
Jan 30Planet Fitness: A Stock Worth Putting On Your Watch List
Dec 10Planet Fitness Non-GAAP EPS of $0.42 beats by $0.04, revenue of $244.39M beats by $9.82M
Nov 08Planet Fitness: Best Nearby Capital Gain Bet Say Market-Makers
Oct 28Planet Fitness, Inc.'s (NYSE:PLNT) Intrinsic Value Is Potentially 29% Above Its Share Price
Oct 22Planet Fitness Q2 2022 Earnings Preview
Aug 08What Is Planet Fitness, Inc.'s (NYSE:PLNT) Share Price Doing?
Jul 22Estimating The Intrinsic Value Of Planet Fitness, Inc. (NYSE:PLNT)
Jun 26Planet Fitness: Get Rich On Entertainment
Jun 06Planet Fitness (NYSE:PLNT) Will Want To Turn Around Its Return Trends
May 03Is Now The Time To Look At Buying Planet Fitness, Inc. (NYSE:PLNT)?
Apr 06Planet Fitness Is Pricey Even If Growth Rebounds
Mar 15The Returns On Capital At Planet Fitness (NYSE:PLNT) Don't Inspire Confidence
Jan 07Planet Fitness Stock: Drastically Overpriced
Jan 02Shareholders Will Be Pleased With The Quality of Planet Fitness' (NYSE:PLNT) Earnings
Nov 12Financial Position Analysis
Short Term Liabilities: PLNT has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: PLNT has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: PLNT has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: PLNT's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: PLNT's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: PLNT's interest payments on its debt are well covered by EBIT (4.3x coverage).