Primo Water Balance Sheet Health
Financial Health criteria checks 4/6
Primo Water has a total shareholder equity of $1.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 83.9%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Primo Water's EBIT is $188.5M making its interest coverage ratio 3.5. It has cash and short-term investments of $603.3M.
Key information
83.9%
Debt to equity ratio
US$1.22b
Debt
| Interest coverage ratio | 3.5x |
| Cash | US$603.30m |
| Equity | US$1.45b |
| Total liabilities | US$2.07b |
| Total assets | US$3.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GC6's short term assets ($919.5M) exceed its short term liabilities ($421.1M).
Long Term Liabilities: GC6's short term assets ($919.5M) do not cover its long term liabilities ($1.6B).
Debt to Equity History and Analysis
Debt Level: GC6's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: GC6's debt to equity ratio has reduced from 117.7% to 83.9% over the past 5 years.
Debt Coverage: GC6's debt is well covered by operating cash flow (33.3%).
Interest Coverage: GC6's interest payments on its debt are well covered by EBIT (3.5x coverage).