Primo Water Balance Sheet Health
Financial Health criteria checks 3/6
Primo Water has a total shareholder equity of $1.4B and total debt of $1.2B, which brings its debt-to-equity ratio to 85.9%. Its total assets and total liabilities are $3.5B and $2.1B respectively. Primo Water's EBIT is $161.0M making its interest coverage ratio 2.3. It has cash and short-term investments of $507.9M.
Key information
85.9%
Debt to equity ratio
US$1.24b
Debt
Interest coverage ratio | 2.3x |
Cash | US$507.90m |
Equity | US$1.44b |
Total liabilities | US$2.08b |
Total assets | US$3.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GC6's short term assets ($865.9M) exceed its short term liabilities ($426.1M).
Long Term Liabilities: GC6's short term assets ($865.9M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GC6's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: GC6's debt to equity ratio has reduced from 114.2% to 85.9% over the past 5 years.
Debt Coverage: GC6's debt is well covered by operating cash flow (28.3%).
Interest Coverage: GC6's interest payments on its debt are not well covered by EBIT (2.3x coverage).