Priority Technology Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Priority Technology Holdings has a total shareholder equity of $118.0M and total debt of $623.0M, which brings its debt-to-equity ratio to 527.8%. Its total assets and total liabilities are $1.6B and $1.4B respectively. Priority Technology Holdings's EBIT is $79.7M making its interest coverage ratio 1.3. It has cash and short-term investments of $24.6M.
Key information
527.8%
Debt to equity ratio
US$622.98m
Debt
| Interest coverage ratio | 1.3x |
| Cash | US$24.60m |
| Equity | US$118.04m |
| Total liabilities | US$1.45b |
| Total assets | US$1.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRTH.U's short term assets ($826.6M) exceed its short term liabilities ($810.0M).
Long Term Liabilities: PRTH.U's short term assets ($826.6M) exceed its long term liabilities ($635.3M).
Debt to Equity History and Analysis
Debt Level: PRTH.U's net debt to equity ratio (506.9%) is considered high.
Reducing Debt: PRTH.U 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.U has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PRTH.U is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.9% per year.