Priority Technology Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Priority Technology Holdings has a total shareholder equity of $112.5M and total debt of $638.7M, which brings its debt-to-equity ratio to 567.5%. Its total assets and total liabilities are $1.6B and $1.5B respectively. Priority Technology Holdings's EBIT is $88.4M making its interest coverage ratio 1.2. It has cash and short-term investments of $39.6M.
Key information
567.5%
Debt to equity ratio
US$638.68m
Debt
| Interest coverage ratio | 1.2x |
| Cash | US$39.60m |
| Equity | US$112.54m |
| Total liabilities | US$1.50b |
| Total assets | US$1.62b |
Recent financial health updates
No updates
Recent updates
Priority Technology appoints Tim O'Leary as CFO
Sep 07Priority Technology GAAP EPS of -$0.11 misses by $0.06, revenue of $166.4M beats by $5.02M
Aug 09Priority Technology promotes EVP to COO role
Jul 18Priority Technology Holdings (NASDAQ:PRTH) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Mar 24
Should We Be Excited About The Trends Of Returns At Priority Technology Holdings (NASDAQ:PRTH)?
Mar 05Priority Technology beats on revenue
Nov 12Financial Position Analysis
Short Term Liabilities: PRTH's short term assets ($881.3M) exceed its short term liabilities ($852.1M).
Long Term Liabilities: PRTH's short term assets ($881.3M) exceed its long term liabilities ($650.7M).
Debt to Equity History and Analysis
Debt Level: PRTH's net debt to equity ratio (532.3%) is considered high.
Reducing Debt: PRTH had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PRTH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRTH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.4% per year.