Premier Health of America Balance Sheet Health
Financial Health criteria checks 1/6
Premier Health of America has a total shareholder equity of CA$6.3M and total debt of CA$48.0M, which brings its debt-to-equity ratio to 759.5%. Its total assets and total liabilities are CA$80.9M and CA$74.6M respectively. Premier Health of America's EBIT is CA$973.0K making its interest coverage ratio 0.2. It has cash and short-term investments of CA$535.0K.
Key information
759.5%
Debt to equity ratio
CA$48.01m
Debt
| Interest coverage ratio | 0.2x |
| Cash | CA$535.00k |
| Equity | CA$6.32m |
| Total liabilities | CA$74.56m |
| Total assets | CA$80.88m |
Recent financial health updates
Does Premier Health of America (CVE:PHA) Have A Healthy Balance Sheet?
Aug 20
Premier Health of America (CVE:PHA) Has A Somewhat Strained Balance Sheet
May 02Here's Why Premier Health of America (CVE:PHA) Has A Meaningful Debt Burden
Dec 12These 4 Measures Indicate That Premier Health of America (CVE:PHA) Is Using Debt Extensively
Jul 06Does Premier Health of America (CVE:PHA) Have A Healthy Balance Sheet?
Jul 31We Think Premier Health of America (CVE:PHA) Can Stay On Top Of Its Debt
Apr 09Recent updates
Does Premier Health of America (CVE:PHA) Have A Healthy Balance Sheet?
Aug 20Investors Aren't Entirely Convinced By Premier Health of America Inc.'s (CVE:PHA) Revenues
Jun 27Premier Health of America (CVE:PHA) Has A Somewhat Strained Balance Sheet
May 02A Piece Of The Puzzle Missing From Premier Health of America Inc.'s (CVE:PHA) 30% Share Price Climb
Feb 14Further Upside For Premier Health of America Inc. (CVE:PHA) Shares Could Introduce Price Risks After 26% Bounce
Dec 28Here's Why Premier Health of America (CVE:PHA) Has A Meaningful Debt Burden
Dec 12These 4 Measures Indicate That Premier Health of America (CVE:PHA) Is Using Debt Extensively
Jul 06Does Premier Health of America (CVE:PHA) Have A Healthy Balance Sheet?
Jul 31We Think Premier Health of America (CVE:PHA) Can Stay On Top Of Its Debt
Apr 09Here's Why Premier Health of America (CVE:PHA) Can Manage Its Debt Responsibly
Dec 24Estimating The Intrinsic Value Of Premier Health of America Inc. (CVE:PHA)
Oct 29Investors Shouldn't Be Too Comfortable With Premier Health of America's (CVE:PHA) Robust Earnings
May 28Independent Chairman of the Board Eric Chouinard Just Bought 9.4% More Shares In Premier Health of America Inc. (CVE:PHA)
Feb 23These 4 Measures Indicate That Premier Health of America (CVE:PHA) Is Using Debt Reasonably Well
Feb 08Financial Position Analysis
Short Term Liabilities: PHA's short term assets (CA$40.7M) exceed its short term liabilities (CA$21.3M).
Long Term Liabilities: PHA's short term assets (CA$40.7M) do not cover its long term liabilities (CA$53.2M).
Debt to Equity History and Analysis
Debt Level: PHA's net debt to equity ratio (751%) is considered high.
Reducing Debt: PHA's debt to equity ratio has increased from 260.9% to 759.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PHA has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: PHA has less than a year of cash runway if free cash flow continues to reduce at historical rates of 8.8% each year