Progress Software Corporation

NasdaqGS:PRGS Stock Report

Market Cap: US$2.3b

Progress Software Balance Sheet Health

Financial Health criteria checks 2/6

Progress Software has a total shareholder equity of $461.7M and total debt of $691.3M, which brings its debt-to-equity ratio to 149.7%. Its total assets and total liabilities are $1.6B and $1.1B respectively. Progress Software's EBIT is $127.4M making its interest coverage ratio 4.5. It has cash and short-term investments of $133.2M.

Key information

149.7%

Debt to equity ratio

US$691.26m

Debt

Interest coverage ratio4.5x
CashUS$133.22m
EquityUS$461.74m
Total liabilitiesUS$1.11b
Total assetsUS$1.57b

Recent financial health updates

Recent updates

Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?

Mar 13
Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?

Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued

Mar 11

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Feb 06
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings

Feb 02
There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Jan 20
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Jan 19
Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely

Jan 02
Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely

At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?

Nov 08
At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?

Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Sep 30
Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Aug 18
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Aug 06
Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Jul 22
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Jul 04
Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175

Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price

Jun 27
Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price

Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching

Apr 18
Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching

We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Apr 04
We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 36% Above Its Share Price

Mar 22
Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 36% Above Its Share Price

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Feb 08
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Is Now The Time To Look At Buying Progress Software Corporation (NASDAQ:PRGS)?

Feb 02
Is Now The Time To Look At Buying Progress Software Corporation (NASDAQ:PRGS)?

Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

Jan 09
Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Dec 08
We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt

Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Nov 17
Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175

Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Oct 27
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 47% Undervalued

Oct 26
An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 47% Undervalued

Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Oct 13
Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175

Progress Software: A Fairly-Priced Tech Name With Volatility Expected Post-Earnings

Sep 26

Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Sep 16
Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?

Here's Why Progress Software (NASDAQ:PRGS) Can Manage Its Debt Responsibly

Sep 01
Here's Why Progress Software (NASDAQ:PRGS) Can Manage Its Debt Responsibly

Progress Software goes ex-dividend tomorrow

Aug 30

Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Aug 16
Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175

Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

Aug 14
Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?

Financial Position Analysis

Short Term Liabilities: PRGS's short term assets ($311.9M) do not cover its short term liabilities ($341.6M).

Long Term Liabilities: PRGS's short term assets ($311.9M) do not cover its long term liabilities ($770.0M).


Debt to Equity History and Analysis

Debt Level: PRGS's net debt to equity ratio (120.9%) is considered high.

Reducing Debt: PRGS's debt to equity ratio has increased from 37.4% to 149.7% over the past 5 years.

Debt Coverage: PRGS's debt is well covered by operating cash flow (28.6%).

Interest Coverage: PRGS's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


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