Primo Brands Balance Sheet Health
Financial Health criteria checks 0/6
Primo Brands has a total shareholder equity of $-241.5M and total debt of $3.8B, which brings its debt-to-equity ratio to -1557.9%. Its total assets and total liabilities are $5.2B and $5.4B respectively. Primo Brands's EBIT is $560.8M making its interest coverage ratio 1.7. It has cash and short-term investments of $174.8M.
Key information
-1,557.9%
Debt to equity ratio
US$3.76b
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$174.80m |
| Equity | -US$241.50m |
| Total liabilities | US$5.42b |
| Total assets | US$5.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GC6 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GC6 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GC6 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GC6's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GC6's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: GC6's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 22:05 |
| End of Day Share Price | 2024/11/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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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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 Brands Corporation is covered by 2 analysts. 2 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 |
|---|---|
| Daniel Moore | CJS Securities, Inc. |
| Jon Andersen | William Blair & Company L.L.C. |