Primo Brands Balance Sheet Health
Financial Health criteria checks 0/6
Primo Brands has a total shareholder equity of $-296.8M and total debt of $3.8B, which brings its debt-to-equity ratio to -1286.2%. Its total assets and total liabilities are $5.2B and $5.5B respectively. Primo Brands's EBIT is $552.0M making its interest coverage ratio 1.7. It has cash and short-term investments of $15.5M.
Key information
-1,286.2%
Debt to equity ratio
US$3.82b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$15.50m |
| Equity | -US$296.80m |
| Total liabilities | US$5.46b |
| Total assets | US$5.16b |
Recent financial health updates
No updates
Recent updates
No 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 (9.4%).
Interest Coverage: PRMW's interest payments on its debt are not well covered by EBIT (1.7x coverage).