PetIQ Balance Sheet Health
Financial Health criteria checks 1/6
PetIQ has a total shareholder equity of $237.9M and total debt of $443.9M, which brings its debt-to-equity ratio to 186.6%. Its total assets and total liabilities are $875.2M and $637.4M respectively. PetIQ's EBIT is $58.4M making its interest coverage ratio 1.7. It has cash and short-term investments of $25.4M.
Key information
186.6%
Debt to equity ratio
US$443.90m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$25.37m |
| Equity | US$237.85m |
| Total liabilities | US$637.39m |
| Total assets | US$875.24m |
Recent financial health updates
PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly
Apr 13
PetIQ (NASDAQ:PETQ) Has A Somewhat Strained Balance Sheet
Aug 10PetIQ (NASDAQ:PETQ) Use Of Debt Could Be Considered Risky
Aug 23Is PetIQ (NASDAQ:PETQ) Using Too Much Debt?
May 06These 4 Measures Indicate That PetIQ (NASDAQ:PETQ) Is Using Debt Extensively
May 26Recent updates
White Brook Capital - PetIQ: Guidance And Street Estimates Are Too Conservative
Apr 20PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly
Apr 13PetIQ: Cost Savings, Higher EBITDA Suggest A Potential Valuation Re-Rate
Feb 06Investors Will Want PetIQ's (NASDAQ:PETQ) Growth In ROCE To Persist
Sep 15PetIQ, Inc. (NASDAQ:PETQ) Stock Rockets 26% But Many Are Still Ignoring The Company
Aug 16PetIQ (NASDAQ:PETQ) Has A Somewhat Strained Balance Sheet
Aug 10PetIQ's (NASDAQ:PETQ) Returns On Capital Are Heading Higher
Jun 14PetIQ (NASDAQ:PETQ) May Have Issues Allocating Its Capital
Feb 11PetIQ gains 1.84 % on $30M stock repurchase program
Sep 06PetIQ (NASDAQ:PETQ) Use Of Debt Could Be Considered Risky
Aug 23Here's What's Concerning About PetIQ's (NASDAQ:PETQ) Returns On Capital
Jul 27Is PetIQ (NASDAQ:PETQ) Using Too Much Debt?
May 06There Are Reasons To Feel Uneasy About PetIQ's (NASDAQ:PETQ) Returns On Capital
Apr 02The Prognosis For PetIQ
Feb 12PetIQ: Economies Of Scale Will Kick In Eventually
Jan 03PetIQ, Trupanion: Pet Care Industry Small Players Still Not Cheap Enough
Sep 09Why We Think PetIQ, Inc.'s (NASDAQ:PETQ) CEO Compensation Is Not Excessive At All
Jun 23These 4 Measures Indicate That PetIQ (NASDAQ:PETQ) Is Using Debt Extensively
May 26PetIQ, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 07PetIQ, Inc.'s (NASDAQ:PETQ) About To Shift From Loss To Profit
Apr 01Have Insiders Sold PetIQ, Inc. (NASDAQ:PETQ) Shares Recently?
Mar 11Can You Imagine How PetIQ's (NASDAQ:PETQ) Shareholders Feel About The 55% Share Price Increase?
Feb 22PetIQ, Inc. (NASDAQ:PETQ) Insiders Have Been Selling
Jan 25Financial Position Analysis
Short Term Liabilities: PETQ's short term assets ($444.9M) exceed its short term liabilities ($184.0M).
Long Term Liabilities: PETQ's short term assets ($444.9M) do not cover its long term liabilities ($453.4M).
Debt to Equity History and Analysis
Debt Level: PETQ's net debt to equity ratio (176%) is considered high.
Reducing Debt: PETQ's debt to equity ratio has increased from 35.3% to 186.6% over the past 5 years.
Debt Coverage: PETQ's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: PETQ's interest payments on its debt are not well covered by EBIT (1.7x coverage).