Progress Software Balance Sheet Health
Financial Health criteria checks 3/6
Progress Software has a total shareholder equity of $425.6M and total debt of $795.3M, which brings its debt-to-equity ratio to 186.9%. Its total assets and total liabilities are $1.6B and $1.2B respectively. Progress Software's EBIT is $139.9M making its interest coverage ratio 5.6. It has cash and short-term investments of $232.7M.
Key information
186.9%
Debt to equity ratio
US$795.28m
Debt
| Interest coverage ratio | 5.6x |
| Cash | US$232.71m |
| Equity | US$425.61m |
| Total liabilities | US$1.19b |
| Total assets | US$1.62b |
Recent financial health updates
Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13
We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt
Apr 04Recent updates
Progress 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 25Progress 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 19Getting In Cheap On Progress Software Corporation (NASDAQ:PRGS) Is Unlikely
Jan 02At US$52.92, Is Progress Software Corporation (NASDAQ:PRGS) Worth Looking At Closely?
Nov 08Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Sep 30Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Aug 18Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?
Aug 06Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Jul 22Progress Software (NASDAQ:PRGS) Is Paying Out A Dividend Of $0.175
Jul 04Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 63% Above Its Share Price
Jun 27Here's Why We Think Progress Software (NASDAQ:PRGS) Is Well Worth Watching
Apr 18We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt
Apr 04Financial Position Analysis
Short Term Liabilities: PRGS's short term assets ($388.6M) exceed its short term liabilities ($314.9M).
Long Term Liabilities: PRGS's short term assets ($388.6M) do not cover its long term liabilities ($879.4M).
Debt to Equity History and Analysis
Debt Level: PRGS's net debt to equity ratio (132.2%) is considered high.
Reducing Debt: PRGS's debt to equity ratio has increased from 90% to 186.9% over the past 5 years.
Debt Coverage: PRGS's debt is well covered by operating cash flow (28.3%).
Interest Coverage: PRGS's interest payments on its debt are well covered by EBIT (5.6x coverage).