Prime Financial Group Balance Sheet Health
Financial Health criteria checks 5/6
Prime Financial Group has a total shareholder equity of A$48.1M and total debt of A$13.0M, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are A$69.4M and A$21.3M respectively. Prime Financial Group's EBIT is A$4.9M making its interest coverage ratio 4.9. It has cash and short-term investments of A$1.0M.
Key information
27.0%
Debt to equity ratio
AU$13.00m
Debt
| Interest coverage ratio | 4.9x |
| Cash | AU$1.02m |
| Equity | AU$48.08m |
| Total liabilities | AU$21.30m |
| Total assets | AU$69.38m |
Recent financial health updates
No updates
Recent updates
Shareholders May Be More Conservative With Prime Financial Group Limited's (ASX:PFG) CEO Compensation For Now
Nov 23
Prime Financial Group (ASX:PFG) Will Pay A Larger Dividend Than Last Year At A$0.006
Aug 22Is Now The Time To Put Prime Financial Group (ASX:PFG) On Your Watchlist?
Oct 19Should You Be Adding Prime Financial Group (ASX:PFG) To Your Watchlist Today?
May 25Here's Why I Think Prime Financial Group (ASX:PFG) Is An Interesting Stock
Feb 22Financial Position Analysis
Short Term Liabilities: PFG's short term assets (A$15.6M) exceed its short term liabilities (A$6.5M).
Long Term Liabilities: PFG's short term assets (A$15.6M) exceed its long term liabilities (A$14.8M).
Debt to Equity History and Analysis
Debt Level: PFG's net debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: PFG's debt to equity ratio has increased from 24.4% to 27% over the past 5 years.
Debt Coverage: PFG's debt is well covered by operating cash flow (22.2%).
Interest Coverage: PFG's interest payments on its debt are well covered by EBIT (4.9x coverage).