Premier Health of America Balance Sheet Health
Financial Health criteria checks 1/6
Premier Health of America has a total shareholder equity of CA$16.2M and total debt of CA$49.4M, which brings its debt-to-equity ratio to 304.5%. Its total assets and total liabilities are CA$97.4M and CA$81.1M respectively. Premier Health of America's EBIT is CA$4.4M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$785.0K.
Key information
304.5%
Debt to equity ratio
CA$49.43m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CA$785.00k |
| Equity | CA$16.23m |
| Total liabilities | CA$81.14m |
| Total assets | CA$97.38m |
Recent financial health updates
Premier Health of America (CVE:PHA) Has A Somewhat Strained Balance Sheet
May 02
Here'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 24Recent updates
Premier 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$50.7M) exceed its short term liabilities (CA$24.9M).
Long Term Liabilities: PHA's short term assets (CA$50.7M) do not cover its long term liabilities (CA$56.2M).
Debt to Equity History and Analysis
Debt Level: PHA's net debt to equity ratio (299.6%) is considered high.
Reducing Debt: PHA's debt to equity ratio has increased from 297.3% to 304.5% over the past 5 years.
Debt Coverage: PHA's debt is not well covered by operating cash flow (6.8%).
Interest Coverage: PHA's interest payments on its debt are not well covered by EBIT (1.6x coverage).