Plover Bay Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Plover Bay Technologies has a total shareholder equity of $50.2M and total debt of $1.2M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are $85.3M and $35.1M respectively. Plover Bay Technologies's EBIT is $31.9M making its interest coverage ratio -53.5. It has cash and short-term investments of $36.7M.
Key information
2.3%
Debt to equity ratio
US$1.18m
Debt
Interest coverage ratio | -53.5x |
Cash | US$36.75m |
Equity | US$50.22m |
Total liabilities | US$35.05m |
Total assets | US$85.28m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PBTD.F's short term assets ($78.2M) exceed its short term liabilities ($27.2M).
Long Term Liabilities: PBTD.F's short term assets ($78.2M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: PBTD.F has more cash than its total debt.
Reducing Debt: PBTD.F's debt to equity ratio has reduced from 4% to 2.3% over the past 5 years.
Debt Coverage: PBTD.F's debt is well covered by operating cash flow (3204.9%).
Interest Coverage: PBTD.F earns more interest than it pays, so coverage of interest payments is not a concern.