Planet Fitness Balance Sheet Health
Financial Health criteria checks 1/6
Planet Fitness has a total shareholder equity of $-267.1M and total debt of $2.2B, which brings its debt-to-equity ratio to -814.2%. Its total assets and total liabilities are $3.0B and $3.3B respectively. Planet Fitness's EBIT is $313.9M making its interest coverage ratio 4.5. It has cash and short-term investments of $407.4M.
Key information
-814.2%
Debt to equity ratio
US$2.17b
Debt
| Interest coverage ratio | 4.5x |
| Cash | US$407.41m |
| Equity | -US$267.11m |
| Total liabilities | US$3.32b |
| Total assets | US$3.05b |
Recent financial health updates
No updates
Recent updates
Planet Fitness: Powering To New Highs
Nov 07Here's Why Planet Fitness (NYSE:PLNT) Has Caught The Eye Of Investors
Nov 05
Planet Fitness, Inc. (NYSE:PLNT) Not Lagging Market On Growth Or Pricing
Oct 18What Does Planet Fitness, Inc.'s (NYSE:PLNT) Share Price Indicate?
Sep 30Planet Fitness: Recommending A Hold Despite Tailwinds
Sep 13Calculating The Fair Value Of Planet Fitness, Inc. (NYSE:PLNT)
Aug 21Planet Fitness: Visible Catalysts, But I Am Still Waiting For Growth To Accelerate
Aug 19Planet Fitness: Extensive Runway To Deploy Funds, But At Sub-Par Rates Of Return
Aug 02Does Planet Fitness (NYSE:PLNT) Deserve A Spot On Your Watchlist?
Jul 15Investors Interested In Planet Fitness, Inc.'s (NYSE:PLNT) Earnings
Jun 25Results: Planet Fitness, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
May 12Planet Fitness: Growth Continues, But We Cannot Get Behind The Stock
May 09An Intrinsic Calculation For Planet Fitness, Inc. (NYSE:PLNT) Suggests It's 22% Undervalued
May 08Shareholders Should Be Pleased With Planet Fitness, Inc.'s (NYSE:PLNT) Price
Mar 24Planet 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 22Financial 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 (16.5%).
Interest Coverage: PLNT's interest payments on its debt are well covered by EBIT (4.5x coverage).