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.