Plover Bay Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Plover Bay Technologies has a total shareholder equity of $52.1M and total debt of $4.3M, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are $95.1M and $43.0M respectively. Plover Bay Technologies's EBIT is $39.5M making its interest coverage ratio -31.6. It has cash and short-term investments of $53.5M.
Key information
8.3%
Debt to equity ratio
US$4.30m
Debt
| Interest coverage ratio | -31.6x |
| Cash | US$53.54m |
| Equity | US$52.06m |
| Total liabilities | US$43.02m |
| Total assets | US$95.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PBTD.F's short term assets ($89.1M) exceed its short term liabilities ($32.4M).
Long Term Liabilities: PBTD.F's short term assets ($89.1M) exceed its long term liabilities ($10.6M).
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 increased from 2.7% to 8.3% over the past 5 years.
Debt Coverage: PBTD.F's debt is well covered by operating cash flow (1250.4%).
Interest Coverage: PBTD.F earns more interest than it pays, so coverage of interest payments is not a concern.