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
Does PetIQ (NASDAQ:PETQ) Have A Healthy Balance Sheet?
Aug 14
PetIQ (NASDAQ:PETQ) Seems To Use Debt Quite Sensibly
Apr 13PetIQ (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 06Recent updates
Does PetIQ (NASDAQ:PETQ) Have A Healthy Balance Sheet?
Aug 14PetIQ: Attractive Acquisition Offer After Strong Earnings Growth In Q2
Aug 09PetIQ: Product Margin Gains Offset By Higher Marketing Spend
Jul 09White 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 23Financial 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).