Primerica Balance Sheet Health
Financial Health criteria checks 3/6
Primerica has a total shareholder equity of $1.9B and total debt of $2.0B, which brings its debt-to-equity ratio to 103.2%. Its total assets and total liabilities are $14.8B and $12.9B respectively. Primerica's EBIT is $989.4M making its interest coverage ratio 11.1. It has cash and short-term investments of $553.4M.
Key information
103.2%
Debt to equity ratio
US$2.01b
Debt
| Interest coverage ratio | 11.1x |
| Cash | US$553.38m |
| Equity | US$1.95b |
| Total liabilities | US$12.87b |
| Total assets | US$14.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PI7's short term assets ($3.9B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: PI7's short term assets ($3.9B) do not cover its long term liabilities ($11.9B).
Debt to Equity History and Analysis
Debt Level: PI7's net debt to equity ratio (74.8%) is considered high.
Reducing Debt: PI7's debt to equity ratio has increased from 96.6% to 103.2% over the past 5 years.
Debt Coverage: PI7's debt is well covered by operating cash flow (41.4%).
Interest Coverage: PI7's interest payments on its debt are well covered by EBIT (11.1x coverage).