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 ratio | 4.5x |
Cash | US$133.22m |
Equity | US$461.74m |
Total liabilities | US$1.11b |
Total assets | US$1.57b |
Recent financial health updates
Does Progress Software (NASDAQ:PRGS) Have A Healthy Balance Sheet?
Mar 13We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt
Apr 04We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt
Dec 08Here's Why Progress Software (NASDAQ:PRGS) Can Manage Its Debt Responsibly
Sep 01Recent updates
Does 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 04Progress Software Corporation's (NASDAQ:PRGS) Intrinsic Value Is Potentially 36% Above Its Share Price
Mar 22Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Feb 08Is Now The Time To Look At Buying Progress Software Corporation (NASDAQ:PRGS)?
Feb 02Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?
Jan 09We Think Progress Software (NASDAQ:PRGS) Can Stay On Top Of Its Debt
Dec 08Progress Software's (NASDAQ:PRGS) Dividend Will Be $0.175
Nov 17Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Oct 27An Intrinsic Calculation For Progress Software Corporation (NASDAQ:PRGS) Suggests It's 47% Undervalued
Oct 26Progress Software (NASDAQ:PRGS) Will Pay A Dividend Of $0.175
Oct 13Progress Software: A Fairly-Priced Tech Name With Volatility Expected Post-Earnings
Sep 26Should You Think About Buying Progress Software Corporation (NASDAQ:PRGS) Now?
Sep 16Here's Why Progress Software (NASDAQ:PRGS) Can Manage Its Debt Responsibly
Sep 01Progress Software goes ex-dividend tomorrow
Aug 30Progress Software (NASDAQ:PRGS) Has Affirmed Its Dividend Of $0.175
Aug 16Is Now The Time To Put Progress Software (NASDAQ:PRGS) On Your Watchlist?
Aug 14Financial 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).