Premium Global Income Split Balance Sheet Health
Financial Health criteria checks 5/6
Premium Global Income Split has a total shareholder equity of CA$3.6M and total debt of CA$4.5M, which brings its debt-to-equity ratio to 124.5%. Its total assets and total liabilities are CA$10.4M and CA$6.8M respectively. Premium Global Income Split's EBIT is CA$1.5M making its interest coverage ratio 3.4. It has cash and short-term investments of CA$10.4M.
Key information
124.5%
Debt to equity ratio
CA$4.47m
Debt
| Interest coverage ratio | 3.4x |
| Cash | CA$10.40m |
| Equity | CA$3.59m |
| Total liabilities | CA$6.84m |
| Total assets | CA$10.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PGIC's short term assets (CA$10.4M) exceed its short term liabilities (CA$6.8M).
Long Term Liabilities: PGIC has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PGIC has more cash than its total debt.
Reducing Debt: PGIC's debt to equity ratio has reduced from 341.1% to 124.5% over the past 5 years.
Debt Coverage: PGIC's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: PGIC's interest payments on its debt are well covered by EBIT (3.4x coverage).