Playtech Balance Sheet Health
Financial Health criteria checks 6/6
Playtech has a total shareholder equity of €1.7B and total debt of €891.4M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are €3.4B and €1.7B respectively. Playtech's EBIT is €226.6M making its interest coverage ratio 6.4. It has cash and short-term investments of €786.0M.
Key information
52.3%
Debt to equity ratio
€891.40m
Debt
Interest coverage ratio | 6.4x |
Cash | €786.00m |
Equity | €1.70b |
Total liabilities | €1.70b |
Total assets | €3.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PYTC.Y's short term assets (€1.1B) exceed its short term liabilities (€781.5M).
Long Term Liabilities: PYTC.Y's short term assets (€1.1B) exceed its long term liabilities (€923.1M).
Debt to Equity History and Analysis
Debt Level: PYTC.Y's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: PYTC.Y's debt to equity ratio has reduced from 90.1% to 52.3% over the past 5 years.
Debt Coverage: PYTC.Y's debt is well covered by operating cash flow (45.1%).
Interest Coverage: PYTC.Y's interest payments on its debt are well covered by EBIT (6.4x coverage).