Prospect Capital Balance Sheet Health
Financial Health criteria checks 2/6
Prospect Capital has a total shareholder equity of $5.3B and total debt of $2.5B, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are $7.9B and $2.6B respectively. Prospect Capital's EBIT is $589.2M making its interest coverage ratio 3.8. It has cash and short-term investments of $53.5M.
Key information
46.8%
Debt to equity ratio
US$2.48b
Debt
Interest coverage ratio | 3.8x |
Cash | US$53.48m |
Equity | US$5.30b |
Total liabilities | US$2.60b |
Total assets | US$7.91b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PSEC.PRA's short term assets ($86.1M) do not cover its short term liabilities ($120.0M).
Long Term Liabilities: PSEC.PRA's short term assets ($86.1M) do not cover its long term liabilities ($2.5B).
Debt to Equity History and Analysis
Debt Level: PSEC.PRA's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: PSEC.PRA's debt to equity ratio has reduced from 71.5% to 46.8% over the past 5 years.
Debt Coverage: PSEC.PRA's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: PSEC.PRA's interest payments on its debt are well covered by EBIT (3.8x coverage).