Progress Software Balance Sheet Health
Financial Health criteria checks 1/6
Progress Software has a total shareholder equity of $452.7M and total debt of $1.5B, which brings its debt-to-equity ratio to 322.1%. Its total assets and total liabilities are $2.4B and $2.0B respectively. Progress Software's EBIT is $171.6M making its interest coverage ratio 3.4. It has cash and short-term investments of $102.0M.
Key information
322.13%
Debt to equity ratio
US$1.46b
Debt
| Interest coverage ratio | 3.4x |
| Cash | US$102.01m |
| Equity | US$452.70m |
| Total liabilities | US$1.96b |
| Total assets | US$2.41b |
Recent financial health updates
Is Progress Software (NASDAQ:PRGS) A Risky Investment?
Mar 27
Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13Recent updates
Why We're Not Concerned About Progress Software Corporation's (NASDAQ:PRGS) Share Price
Jul 21Progress Software Q2: Overall Performance Is Lacking
Jul 01Is Progress Software Corporation (NASDAQ:PRGS) Trading At A 50% Discount?
Apr 24Is Progress Software (NASDAQ:PRGS) A Risky Investment?
Mar 27Progress Software Corporation's (NASDAQ:PRGS) Share Price Not Quite Adding Up
Mar 03Progress Software Q4 Earnings Preview: Underappreciated For Its Earnings Power
Jan 19At US$68.73, Is It Time To Put Progress Software Corporation (NASDAQ:PRGS) On Your Watch List?
Nov 22Progress Software Corporation (NASDAQ:PRGS) Not Flying Under The Radar
Nov 07Progress Software's (NASDAQ:PRGS) Earnings Seem To Be Promising
Oct 15Progress Software Q3 Earnings: This Stock Is Ready To Move Higher
Sep 25
ShareFile Acquisition To Catapult Digital Experience Leader Into A New Era Of Growth And Profitability
The acquisition of ShareFile is poised to significantly boost Progress Software's revenue and ARR by expanding digital experience offerings and leveraging a loyal customer base.Progress Software Is Investing In Its Long-Term Position In AI
Sep 10An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 49% Undervalued
Aug 30Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Aug 06Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Jul 23Progress Software Boosts Outlook Amid Market Challenges
Jul 05Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Jun 29Market Participants Recognise Progress Software Corporation's (NASDAQ:PRGS) Earnings
Jun 19What Does Progress Software Corporation's (NASDAQ:PRGS) Share Price Indicate?
May 27Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Apr 22Progress Software (NASDAQ:PRGS) Has Announced A Dividend Of $0.175
Apr 01Results: Progress Software Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Mar 29Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued
Mar 11Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Feb 06There May Be Reason For Hope In Progress Software's (NASDAQ:PRGS) Disappointing Earnings
Feb 02Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jan 20Progress Software Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jan 19Financial Position Analysis
Short Term Liabilities: PRGS's short term assets ($325.7M) do not cover its short term liabilities ($750.3M).
Long Term Liabilities: PRGS's short term assets ($325.7M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: PRGS's net debt to equity ratio (299.6%) is considered high.
Reducing Debt: PRGS's debt to equity ratio has increased from 87.9% to 322.1% over the past 5 years.
Debt Coverage: PRGS's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: PRGS's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/07/22 12:22 |
| End of Day Share Price | 2025/07/22 00:00 |
| Earnings | 2025/05/31 |
| Annual Earnings | 2024/11/30 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
Progress Software Corporation is covered by 17 analysts. 6 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 |
|---|---|
| Mark Schappel | Benchmark Company |
| Matthew Galinko | B. Riley Wealth |
| Tony Figueiredo | CFRA Research |