Primoris Services Balance Sheet Health
Financial Health criteria checks 4/6
Primoris Services has a total shareholder equity of $1.2B and total debt of $958.3M, which brings its debt-to-equity ratio to 77.5%. Its total assets and total liabilities are $3.8B and $2.6B respectively. Primoris Services's EBIT is $258.8M making its interest coverage ratio 3.3. It has cash and short-term investments of $217.8M.
Key information
77.5%
Debt to equity ratio
US$958.27m
Debt
Interest coverage ratio | 3.3x |
Cash | US$217.78m |
Equity | US$1.24b |
Total liabilities | US$2.59b |
Total assets | US$3.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1PM's short term assets ($1.9B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: 1PM's short term assets ($1.9B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: 1PM's net debt to equity ratio (59.9%) is considered high.
Reducing Debt: 1PM's debt to equity ratio has increased from 61.1% to 77.5% over the past 5 years.
Debt Coverage: 1PM's debt is well covered by operating cash flow (20.7%).
Interest Coverage: 1PM's interest payments on its debt are well covered by EBIT (3.3x coverage).