Prime Dividend Balance Sheet Health
Financial Health criteria checks 5/6
Prime Dividend has a total shareholder equity of CA$4.1M and total debt of CA$5.9M, which brings its debt-to-equity ratio to 142.9%. Its total assets and total liabilities are CA$10.1M and CA$6.0M respectively. Prime Dividend's EBIT is CA$1.1M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$10.1M.
Key information
142.9%
Debt to equity ratio
CA$5.90m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CA$10.12m |
| Equity | CA$4.13m |
| Total liabilities | CA$6.02m |
| Total assets | CA$10.15m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PDV's short term assets (CA$10.1M) exceed its short term liabilities (CA$6.0M).
Long Term Liabilities: PDV has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PDV has more cash than its total debt.
Reducing Debt: PDV's debt to equity ratio has reduced from 153.2% to 142.9% over the past 5 years.
Debt Coverage: PDV's debt is well covered by operating cash flow (64.2%).
Interest Coverage: PDV's interest payments on its debt are not well covered by EBIT (1.9x coverage).