How much debt does Parsons have?
According to Parsons's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Parsons's total debt stands at $1.41B. This is broken down into:
- Long-term debt: $898.48M
- Short-term debt: $516.13M
The company's net debt, which accounts for cash and cash equivalents, is $961.06M. In terms of overall financial obligations, Parsons's total liabilities amount to $2.95B.
Debt Ratios and Metrics
To better understand Parsons's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.59 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 25.78% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 8.30 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 27.10% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 36.93% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Parsons's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.41B
Long-term Debt
$898.48M
Short-term Debt
$516.13M
Net Debt
$961.06M
Total Liabilities
$2.95B
Interest Coverage
8.30
Debt to Equity Ratio
0.59
Debt Ratio
25.78%
Parsons Historical Debt Metrics
Parsons Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.41B | $898.48M | $516.13M | $961.06M | $2.95B | 0.59 | 25.78% | 8.30 | 27.10% | 36.93% |
| 2023 | $927.15M | $868.60M | $72.20M | $654.21M | $2.43B | 0.41 | 19.30% | 9.16 | 24.59% | 28.84% |
| 2022 | $914.17M | $857.27M | $60.89M | $651.63M | $2.10B | 0.45 | 21.78% | 8.01 | 26.68% | 30.91% |
| 2021 | $796.72M | $743.24M | $57.72M | $454.11M | $1.89B | 0.42 | 20.80% | 7.48 | 23.75% | 29.54% |
| 2020 | $826.60M | $724.20M | $105.59M | $342.99M | $2.08B | 0.46 | 20.99% | 8.49 | 22.94% | 31.31% |
| 2019 | $502.97M | $454.18M | $51.07M | $320.28M | $1.79B | 0.31 | 14.58% | 3.88 | 13.27% | 23.58% |
| 2018 | $430.10M | $430.10M | $- | $202.00M | $1.66B | 0.46 | 16.34% | 9.84 | 31.64% | 31.69% |
| 2017 | $249.41M | $249.41M | $- | $-195.76M | $1.47B | 0.32 | 10.97% | 9.54 | 24.28% | 24.28% |
Related Metrics
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