Proplastics Balance Sheet Health
Financial Health criteria checks 6/6
Proplastics has a total shareholder equity of $13.7M and total debt of $200.0K, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are $22.8M and $9.0M respectively. Proplastics's EBIT is $1.5M making its interest coverage ratio 14.3. It has cash and short-term investments of $629.3K.
Key information
1.5%
Debt to equity ratio
US$200.00k
Debt
| Interest coverage ratio | 14.3x |
| Cash | US$629.26k |
| Equity | US$13.74m |
| Total liabilities | US$9.04m |
| Total assets | US$22.77m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROL's short term assets ($8.5M) exceed its short term liabilities ($6.2M).
Long Term Liabilities: PROL's short term assets ($8.5M) exceed its long term liabilities ($2.8M).
Debt to Equity History and Analysis
Debt Level: PROL has more cash than its total debt.
Reducing Debt: PROL's debt to equity ratio has reduced from 7.3% to 1.5% over the past 5 years.
Debt Coverage: PROL's debt is well covered by operating cash flow (495.7%).
Interest Coverage: PROL's interest payments on its debt are well covered by EBIT (14.3x coverage).