Parkland Balance Sheet Health
Financial Health criteria checks 2/6
Parkland has a total shareholder equity of CA$3.2B and total debt of CA$5.5B, which brings its debt-to-equity ratio to 175.8%. Its total assets and total liabilities are CA$13.9B and CA$10.8B respectively. Parkland's EBIT is CA$920.0M making its interest coverage ratio 2.7. It has cash and short-term investments of CA$396.0M.
Key information
175.8%
Debt to equity ratio
CA$5.55b
Debt
Interest coverage ratio | 2.7x |
Cash | CA$396.00m |
Equity | CA$3.15b |
Total liabilities | CA$10.75b |
Total assets | CA$13.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PKIU.F's short term assets (CA$4.4B) exceed its short term liabilities (CA$3.2B).
Long Term Liabilities: PKIU.F's short term assets (CA$4.4B) do not cover its long term liabilities (CA$7.5B).
Debt to Equity History and Analysis
Debt Level: PKIU.F's net debt to equity ratio (163.3%) is considered high.
Reducing Debt: PKIU.F's debt to equity ratio has increased from 173.6% to 175.8% over the past 5 years.
Debt Coverage: PKIU.F's debt is well covered by operating cash flow (30.3%).
Interest Coverage: PKIU.F's interest payments on its debt are not well covered by EBIT (2.7x coverage).