Premium Income Balance Sheet Health
Financial Health criteria checks 3/6
Premium Income has a total shareholder equity of CA$7.1M and total debt of CA$229.7M, which brings its debt-to-equity ratio to 3219.7%. Its total assets and total liabilities are CA$237.2M and CA$230.0M respectively.
Key information
3,219.7%
Debt to equity ratio
CA$229.66m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$235.62m |
| Equity | CA$7.13m |
| Total liabilities | CA$230.02m |
| Total assets | CA$237.16m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIC.A's short term assets (CA$237.2M) exceed its short term liabilities (CA$230.0M).
Long Term Liabilities: PIC.A has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: PIC.A has more cash than its total debt.
Reducing Debt: PIC.A's debt to equity ratio has increased from 258% to 3219.7% over the past 5 years.
Debt Coverage: PIC.A's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if PIC.A's interest payments on its debt are well covered by EBIT.