Primo Water Balance Sheet Health
Financial Health criteria checks 3/6
Primo Water has a total shareholder equity of $1.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Primo Water's EBIT is $161.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $507.9M.
Key information
85.9%
Debt to equity ratio
US$1.24b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$507.90m |
| Equity | US$1.44b |
| Total liabilities | US$2.08b |
| Total assets | US$3.52b |
Recent financial health updates
Does Primo Water (TSE:PRMW) Have A Healthy Balance Sheet?
Jul 18
Does Primo Water (TSE:PRMW) Have A Healthy Balance Sheet?
Mar 22Here's Why Primo Water (TSE:PRMW) Has A Meaningful Debt Burden
Dec 21Primo Water (TSE:PRMW) Has A Somewhat Strained Balance Sheet
Jun 07These 4 Measures Indicate That Primo Water (TSE:PRMW) Is Using Debt Reasonably Well
Feb 07Recent updates
Is It Too Late To Consider Buying Primo Water Corporation (TSE:PRMW)?
Apr 01Need To Know: The Consensus Just Cut Its Primo Water Corporation (TSE:PRMW) Estimates For 2024
Nov 04Why Primo Water Corporation (TSE:PRMW) Could Be Worth Watching
Oct 18Does Primo Water (TSE:PRMW) Have A Healthy Balance Sheet?
Jul 18Is Now An Opportune Moment To Examine Primo Water Corporation (TSE:PRMW)?
Jun 28Here's Why We Think Primo Water (TSE:PRMW) Is Well Worth Watching
May 21Calculating The Fair Value Of Primo Water Corporation (TSE:PRMW)
Apr 20Does Primo Water (TSE:PRMW) Have A Healthy Balance Sheet?
Mar 22Here's Why Primo Water (TSE:PRMW) Has A Meaningful Debt Burden
Dec 21Primo Water (TSE:PRMW) Has A Somewhat Strained Balance Sheet
Jun 07Results: Primo Water Corporation Delivered A Surprise Loss And Now Analysts Have New Forecasts
Feb 27These 4 Measures Indicate That Primo Water (TSE:PRMW) Is Using Debt Reasonably Well
Feb 07Primo Water Corporation (TSE:PRMW) Shares Could Be 38% Below Their Intrinsic Value Estimate
Nov 04Financial Position Analysis
Short Term Liabilities: PRMW's short term assets ($865.9M) exceed its short term liabilities ($426.1M).
Long Term Liabilities: PRMW's short term assets ($865.9M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: PRMW's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: PRMW's debt to equity ratio has reduced from 114.2% to 85.9% over the past 5 years.
Debt Coverage: PRMW's debt is well covered by operating cash flow (28.3%).
Interest Coverage: PRMW's interest payments on its debt are not well covered by EBIT (2.3x coverage).