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Primo Water Balance Sheet Health
Financial Health criteria checks 5/6
Primo Water has a total shareholder equity of $1.5B and total debt of $1.2B, which brings its debt-to-equity ratio to 83.7%. Its total assets and total liabilities are $3.6B and $2.1B respectively. Primo Water's EBIT is $198.5M making its interest coverage ratio 4.8. It has cash and short-term investments of $667.3M.
Key information
83.7%
Debt to equity ratio
US$1.24b
Debt
| Interest coverage ratio | 4.8x |
| Cash | US$667.30m |
| Equity | US$1.48b |
| Total liabilities | US$2.08b |
| Total assets | US$3.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GC6's short term assets ($998.3M) exceed its short term liabilities ($426.1M).
Long Term Liabilities: GC6's short term assets ($998.3M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GC6's net debt to equity ratio (38.7%) is considered satisfactory.
Reducing Debt: GC6's debt to equity ratio has reduced from 116.1% to 83.7% over the past 5 years.
Debt Coverage: GC6's debt is well covered by operating cash flow (28.5%).
Interest Coverage: GC6's interest payments on its debt are well covered by EBIT (4.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/10 13:49 |
| End of Day Share Price | 2024/11/08 00:00 |
| Earnings | 2024/09/28 |
| Annual Earnings | 2023/12/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Primo Water Corporation is covered by 30 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Michael Branca | Barclays |
| null Research Department | BMO Capital Markets Equity Research |
| Kenneth Zaslow | BMO Capital Markets Equity Research |