Perrigo Balance Sheet Health
Financial Health criteria checks 3/6
Perrigo has a total shareholder equity of $4.6B and total debt of $4.8B, which brings its debt-to-equity ratio to 104.8%. Its total assets and total liabilities are $11.2B and $6.6B respectively. Perrigo's EBIT is $240.4M making its interest coverage ratio 1.1. It has cash and short-term investments of $1.5B.
Key information
104.8%
Debt to equity ratio
US$4.78b
Debt
| Interest coverage ratio | 1.1x |
| Cash | US$1.46b |
| Equity | US$4.57b |
| Total liabilities | US$6.64b |
| Total assets | US$11.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: P1RG34's short term assets ($3.7B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: P1RG34's short term assets ($3.7B) do not cover its long term liabilities ($5.2B).
Debt to Equity History and Analysis
Debt Level: P1RG34's net debt to equity ratio (72.8%) is considered high.
Reducing Debt: P1RG34's debt to equity ratio has increased from 58% to 104.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable P1RG34 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: P1RG34 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 11.9% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 21:16 |
| End of Day Share Price | 2024/10/21 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Perrigo Company plc is covered by 38 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jasper Hellweg | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Douglas Tsao | Barclays |