Premier Foods Balance Sheet Health
Financial Health criteria checks 5/6
Premier Foods has a total shareholder equity of £1.3B and total debt of £325.7M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are £2.3B and £1.0B respectively. Premier Foods's EBIT is £181.1M making its interest coverage ratio 6.8. It has cash and short-term investments of £102.3M.
Key information
24.5%
Debt to equity ratio
UK£325.70m
Debt
| Interest coverage ratio | 6.8x |
| Cash | UK£102.30m |
| Equity | UK£1.33b |
| Total liabilities | UK£1.01b |
| Total assets | UK£2.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FOJ1's short term assets (£316.9M) exceed its short term liabilities (£278.3M).
Long Term Liabilities: FOJ1's short term assets (£316.9M) do not cover its long term liabilities (£726.8M).
Debt to Equity History and Analysis
Debt Level: FOJ1's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: FOJ1's debt to equity ratio has reduced from 51.7% to 24.5% over the past 5 years.
Debt Coverage: FOJ1's debt is well covered by operating cash flow (37.4%).
Interest Coverage: FOJ1's interest payments on its debt are well covered by EBIT (6.8x coverage).