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 ratio3.5x
CashUS$603.30m
EquityUS$1.45b
Total liabilitiesUS$2.07b
Total assetsUS$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).


Balance Sheet


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