Perrigo Balance Sheet Health
Financial Health criteria checks 3/6
Perrigo has a total shareholder equity of $4.8B and total debt of $4.1B, which brings its debt-to-equity ratio to 85.4%. Its total assets and total liabilities are $10.8B and $6.0B respectively. Perrigo's EBIT is $286.7M making its interest coverage ratio 1.4. It has cash and short-term investments of $744.4M.
Key information
85.4%
Debt to equity ratio
US$4.07b
Debt
Interest coverage ratio | 1.4x |
Cash | US$744.40m |
Equity | US$4.77b |
Total liabilities | US$6.04b |
Total assets | US$10.81b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PIG's short term assets ($2.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: PIG's short term assets ($2.8B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: PIG's net debt to equity ratio (69.7%) is considered high.
Reducing Debt: PIG's debt to equity ratio has increased from 57.2% to 85.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PIG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PIG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24% per year.