This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PetIQ Balance Sheet Health

Financial Health criteria checks 2/6

PetIQ has a total shareholder equity of $260.3M and total debt of $442.6M, which brings its debt-to-equity ratio to 170%. Its total assets and total liabilities are $894.4M and $634.1M respectively. PetIQ's EBIT is $69.1M making its interest coverage ratio 2. It has cash and short-term investments of $84.1M.

Key information

170.0%

Debt to equity ratio

US$442.55m

Debt

Interest coverage ratio	2x
Cash	US$84.13m
Equity	US$260.32m
Total liabilities	US$634.08m
Total assets	US$894.39m

Recent financial health updates

Recent updates

Does PetIQ (NASDAQ:PETQ) Have A Healthy Balance Sheet?

Aug 14

PetIQ: Attractive Acquisition Offer After Strong Earnings Growth In Q2

Aug 09

PetIQ: Product Margin Gains Offset By Higher Marketing Spend

Jul 09

White Brook Capital - PetIQ: Guidance And Street Estimates Are Too Conservative

Apr 20

PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly

Apr 13

PetIQ: Cost Savings, Higher EBITDA Suggest A Potential Valuation Re-Rate

Feb 06

Investors Will Want PetIQ's (NASDAQ:PETQ) Growth In ROCE To Persist

Sep 15

PetIQ, Inc. (NASDAQ:PETQ) Stock Rockets 26% But Many Are Still Ignoring The Company

Aug 16

PetIQ (NASDAQ:PETQ) Has A Somewhat Strained Balance Sheet

Aug 10

PetIQ's (NASDAQ:PETQ) Returns On Capital Are Heading Higher

Jun 14

PetIQ (NASDAQ:PETQ) May Have Issues Allocating Its Capital

Feb 11

PetIQ gains 1.84 % on $30M stock repurchase program

Sep 06

PetIQ (NASDAQ:PETQ) Use Of Debt Could Be Considered Risky

Aug 23

Here's What's Concerning About PetIQ's (NASDAQ:PETQ) Returns On Capital

Jul 27

Is PetIQ (NASDAQ:PETQ) Using Too Much Debt?

May 06

There Are Reasons To Feel Uneasy About PetIQ's (NASDAQ:PETQ) Returns On Capital

Apr 02

The Prognosis For PetIQ

Feb 12

PetIQ: Economies Of Scale Will Kick In Eventually

Jan 03

Financial Position Analysis

Short Term Liabilities: PETQ's short term assets ($471.0M) exceed its short term liabilities ($182.7M).

Long Term Liabilities: PETQ's short term assets ($471.0M) exceed its long term liabilities ($451.4M).

Debt to Equity History and Analysis

Debt Level: PETQ's net debt to equity ratio (137.7%) is considered high.

Reducing Debt: PETQ's debt to equity ratio has increased from 29.7% to 170% over the past 5 years.

Debt Coverage: PETQ's debt is not well covered by operating cash flow (4.6%).

Interest Coverage: PETQ's interest payments on its debt are not well covered by EBIT (2x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/10/24 16:36
End of Day Share Price	2024/10/24 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PetIQ, Inc. is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Lawrence	Benchmark Company
David Westenberg	CL King & Associates, Inc.
David Westenberg	Guggenheim Securities, LLC

This company has been acquired

PetIQ Balance Sheet Health

Financial Health criteria checks 2/6

Key information

Recent financial health updates

Does PetIQ (NASDAQ:PETQ) Have A Healthy Balance Sheet?

PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly

PetIQ (NASDAQ:PETQ) Has A Somewhat Strained Balance Sheet

PetIQ (NASDAQ:PETQ) Use Of Debt Could Be Considered Risky

Is PetIQ (NASDAQ:PETQ) Using Too Much Debt?

Recent updates

Bansk Group LLC completed the acquisition of PetIQ, Inc. (NasdaqGS:PETQ) from group of sellers.

Does PetIQ (NASDAQ:PETQ) Have A Healthy Balance Sheet?

PetIQ: Attractive Acquisition Offer After Strong Earnings Growth In Q2

Second quarter 2024 earnings released: EPS: US$0.52 (vs US$0.33 in 2Q 2023)

New minor risk - Share price stability

Bansk Group LLC entered into an Agreement and Plan of Merger to acquire PetIQ, Inc. (NasdaqGS:PETQ) for approximately $980 million.

Price target increased by 8.3% to US$30.33

Bansk Group LLC entered into an Agreement and Plan of Merger to acquire PetIQ, Inc. (NasdaqGS:PETQ) for approximately $980 million.

President & COO exercised options and sold US$483k worth of stock

PetIQ, Inc. to Report Q2, 2024 Results on Aug 07, 2024

PetIQ: Product Margin Gains Offset By Higher Marketing Spend

Insider exercised options and sold US$89k worth of stock

Independent Director recently sold US$269k worth of stock

PetIQ, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Revised Earnings Guidance for the Full Year 2024

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.33 in 1Q 2023)

PetIQ, Inc. to Report Q1, 2024 Results on May 08, 2024

PetIQ, Inc., Annual General Meeting, Jun 07, 2024

White Brook Capital - PetIQ: Guidance And Street Estimates Are Too Conservative

PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly

PetIQ, Inc. Announces Expansion of Minties Dental Treats Brand with Launch of New Dental Chew for Large-Sized Dogs

Chairman of the Board & CEO exercised options and sold US$362k worth of stock

Full year 2023 earnings released: EPS: US$0.073 (vs US$1.65 loss in FY 2022)

Petiq, Inc. Provides Sales Guidance for the First Quarter and Full Year of 2024

Chairman of the Board & CEO exercised options and sold US$154k worth of stock

PetIQ, Inc. to Report Q4, 2023 Results on Feb 28, 2024

PetIQ: Cost Savings, Higher EBITDA Suggest A Potential Valuation Re-Rate

Chief Financial Officer exercised options and sold US$97k worth of stock

PetIQ, Inc.'s New Sentry™? Portable Calming Diffuser Helps Calm Dogs and Cats During the Busy Holiday Season and Beyond

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.015 (vs US$1.68 loss in 3Q 2022)

Petiq, Inc. Provides Earnings Guidance for the Full Year of 2023

PetIQ, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Investors Will Want PetIQ's (NASDAQ:PETQ) Growth In ROCE To Persist

PetIQ, Inc. (NASDAQ:PETQ) Stock Rockets 26% But Many Are Still Ignoring The Company

PetIQ, Inc. Revises Earnings Guidance for the Full Year 2023

PetIQ (NASDAQ:PETQ) Has A Somewhat Strained Balance Sheet

Price target increased by 13% to US$27.50

Petiq, Inc. Announces Termination of R. Michael Herrman, as Executive Vice President and Corporate Secretary

PetIQ, Inc. to Report Q2, 2023 Results on Aug 08, 2023

PetIQ's (NASDAQ:PETQ) Returns On Capital Are Heading Higher

Petiq, Inc. Provides Earnings Guidance for the Second Quarter of 2023 and Reiterates Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: EPS: US$0.33 (vs US$0.11 in 1Q 2022)

Chairman of the Board & CEO exercised options and sold US$68k worth of stock

Full year 2022 earnings released: US$1.65 loss per share (vs US$0.56 loss in FY 2021)

Price target decreased by 10% to US$21.75

PetIQ (NASDAQ:PETQ) May Have Issues Allocating Its Capital

PetIQ, Inc. to Report Q4, 2022 Results on Feb 28, 2023

Third quarter 2022 earnings released: US$1.68 loss per share (vs US$0.27 loss in 3Q 2021)

Price target decreased to US$24.25

PetIQ, Inc. to Report Q3, 2022 Results on Nov 09, 2022

President & COO recently bought US$97k worth of stock

PetIQ, Inc. (NasdaqGS:PETQ) announces an Equity Buyback for $30 million worth of its shares.

PetIQ gains 1.84 % on $30M stock repurchase program

PetIQ (NASDAQ:PETQ) Use Of Debt Could Be Considered Risky

Second quarter 2022 earnings released: EPS: US$0.16 (vs US$0.14 in 2Q 2021)

PetIQ, Inc. Provides Sales Guidance for the Third Quarter and Full Year 2022

Here's What's Concerning About PetIQ's (NASDAQ:PETQ) Returns On Capital

PetIQ, Inc. to Report Q2, 2022 Results on Aug 09, 2022

High number of new directors

PetIQ, Inc. Appoints John Pearson as Senior Vice President, Head of Services Division

Price target decreased to US$30.75

PetIQ, Inc. Announces Demise of Larry Bird

President exercised options and sold US$56k worth of stock

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Is PetIQ (NASDAQ:PETQ) Using Too Much Debt?

High number of new directors

PetIQ, Inc. Provides Revenue Guidance for the Second Quarter, First Half and Full Year 2022

PetIQ, Inc., Annual General Meeting, Jun 22, 2022

PetIQ, Inc. to Report Q1, 2022 Results on May 04, 2022