Prospect Capital Balance Sheet Health
Financial Health criteria checks 3/6
Prospect Capital has a total shareholder equity of $5.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are $7.8B and $2.6B respectively. Prospect Capital's EBIT is $594.7M making its interest coverage ratio 3.9. It has cash and short-term investments of $93.0M.
Key information
47.6%
Debt to equity ratio
US$2.47b
Debt
| Interest coverage ratio | 3.9x |
| Cash | US$92.97m |
| Equity | US$5.18b |
| Total liabilities | US$2.60b |
| Total assets | US$7.78b |
Recent financial health updates
Recent updates
Prospect Capital: 13.4% Dividend Yield, But Will NAV Dip Forever?
Feb 12Prospect Capital: 3 Reasons To Buy This Mediocre 12% Yield (Rating Upgrade)
Jan 26Prospect Capital: Attractive Entry Point For Investors Willing To Take Risk
Jan 14Prospect Capital announces additions to non-traded preferred stock offering
Oct 07Prospect Capital goes ex-dividend tomorrow
Sep 26Prospect Capital exceeds $1B preferred fundraising milestone and upsizes extended credit facility to $1.584B
Sep 09Prospect Capital NII EPS of $0.21 beats by $0.03, total Investment Income of $184.62M beats by $8.02M
Aug 29The Best Way To Invest In Prospect Capital
Aug 21Prospect Capital: Deep Value Alert, Dividend Hike Could Come Soon
Aug 08Opportunity: Investment Grade Bond, +8% Yield From Prospect Capital
Jul 20Prospect Capital: A Dividend Cut Could Come Soon
Jun 26Prospect Capital: The Superstar Stock You Do Not Want To Miss
Apr 28Prospect Capital: 8% Yield, 21% Discount, Steady Dividends
Feb 13Prospect Capital: A Value Trap
Jan 06Prospect Capital: Preferred Offers Attractive Risk-Reward
Sep 07Prospect Capital: 9% Yield, 18% Discount, Monthly Payer
Aug 29Prospect Capital: Not Yet A Buy But No Longer Fool's Gold
Jul 19Prospect Capital: 8% Yield, 5% Discount, Outperforming Monthly Payer
Jun 18Prospect Capital NII beats by $0.02, beats on total investment income
May 10Prospect Capital prices $325M of 3.706% notes due 2026
Jan 14Prospect Capital offers to repurchase $20M of 6.375% convertible notes
Dec 28Prospect Capital buys $25M of notes issued by KM2 Solutions
Dec 22Prospect Capital launches tender offer for $162.9M of convertible notes
Dec 16Prospect Capital offers to buy back up to $40M of notes
Nov 17Prospect Capital: Cheap Valuation, But The Discount Is Warranted
Nov 14Prospect Capital declares $0.06 dividend
Nov 09Financial Position Analysis
Short Term Liabilities: PSEC's short term assets ($135.4M) exceed its short term liabilities ($126.5M).
Long Term Liabilities: PSEC's short term assets ($135.4M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: PSEC's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: PSEC's debt to equity ratio has reduced from 77.3% to 47.6% over the past 5 years.
Debt Coverage: PSEC's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: PSEC's interest payments on its debt are well covered by EBIT (3.9x coverage).