Primo Brands Balance Sheet Health

Financial Health criteria checks 0/6

Primo Brands has a total shareholder equity of $-241.5M and total debt of $3.8B, which brings its debt-to-equity ratio to -1557.9%. Its total assets and total liabilities are $5.2B and $5.4B respectively. Primo Brands's EBIT is $560.8M making its interest coverage ratio 1.7. It has cash and short-term investments of $174.8M.

Key information

-1,557.9%

Debt to equity ratio

US$3.76b

Debt

Interest coverage ratio	1.7x
Cash	US$174.80m
Equity	-US$241.50m
Total liabilities	US$5.42b
Total assets	US$5.18b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PRMW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: PRMW has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: PRMW has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: PRMW's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: PRMW's debt is not well covered by operating cash flow (13.1%).

Interest Coverage: PRMW's interest payments on its debt are not well covered by EBIT (1.7x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 13:26
End of Day Share Price	2024/11/12 00:00
Earnings	2024/09/30
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	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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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Industry and Sector Metrics

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Analyst Sources

Primo Brands Corporation is covered by 2 analysts. 2 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
Daniel Moore	CJS Securities, Inc.
Jon Andersen	William Blair & Company L.L.C.