Primerica Balance Sheet Health
Financial Health criteria checks 3/6
Primerica has a total shareholder equity of $2.1B and total debt of $2.1B, which brings its debt-to-equity ratio to 100.7%. Its total assets and total liabilities are $15.0B and $13.0B respectively. Primerica's EBIT is $843.7M making its interest coverage ratio 9.2. It has cash and short-term investments of $631.8M.
Key information
100.7%
Debt to equity ratio
US$2.08b
Debt
Interest coverage ratio | 9.2x |
Cash | US$631.81m |
Equity | US$2.07b |
Total liabilities | US$12.96b |
Total assets | US$15.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PI7's short term assets ($4.3B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: PI7's short term assets ($4.3B) do not cover its long term liabilities ($11.9B).
Debt to Equity History and Analysis
Debt Level: PI7's net debt to equity ratio (70.1%) is considered high.
Reducing Debt: PI7's debt to equity ratio has increased from 95.5% to 100.7% over the past 5 years.
Debt Coverage: PI7's debt is well covered by operating cash flow (33.3%).
Interest Coverage: PI7's interest payments on its debt are well covered by EBIT (9.2x coverage).