Proplastics Balance Sheet Health
Financial Health criteria checks 5/6
Proplastics has a total shareholder equity of $13.7M and total debt of $691.2K, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are $22.1M and $8.5M respectively. Proplastics's EBIT is $929.6K making its interest coverage ratio 8.9. It has cash and short-term investments of $620.9K.
Key information
5.1%
Debt to equity ratio
US$691.25k
Debt
| Interest coverage ratio | 8.9x |
| Cash | US$620.90k |
| Equity | US$13.66m |
| Total liabilities | US$8.45m |
| Total assets | US$22.12m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PROL's short term assets ($8.1M) exceed its short term liabilities ($5.1M).
Long Term Liabilities: PROL's short term assets ($8.1M) exceed its long term liabilities ($3.4M).
Debt to Equity History and Analysis
Debt Level: PROL's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: PROL's debt to equity ratio has reduced from 8.2% to 5.1% over the past 5 years.
Debt Coverage: PROL's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: PROL's interest payments on its debt are well covered by EBIT (8.9x coverage).