Prime Office Balance Sheet Health
Financial Health criteria checks 2/6
Prime Office has a total shareholder equity of DKK2.0B and total debt of DKK1.6B, which brings its debt-to-equity ratio to 81.4%. Its total assets and total liabilities are DKK3.9B and DKK2.0B respectively. Prime Office's EBIT is DKK125.9M making its interest coverage ratio 2.2. It has cash and short-term investments of DKK293.3M.
Key information
81.4%
Debt to equity ratio
kr.1.62b
Debt
| Interest coverage ratio | 2.2x |
| Cash | kr.293.32m |
| Equity | kr.1.98b |
| Total liabilities | kr.1.96b |
| Total assets | kr.3.94b |
Recent financial health updates
Prime Office (CPH:PRIMOF) Takes On Some Risk With Its Use Of Debt
Dec 30
We Think Prime Office (CPH:PRIMOF) Is Taking Some Risk With Its Debt
Mar 15Does Prime Office (CPH:PRIMOF) Have A Healthy Balance Sheet?
Nov 23
Recent updates
Prime Office's (CPH:PRIMOF) Problems Go Beyond Weak Profit
Mar 26Prime Office (CPH:PRIMOF) Takes On Some Risk With Its Use Of Debt
Dec 30A Look At The Intrinsic Value Of Prime Office A/S (CPH:PRIMOF)
Jul 07Does Prime Office A/S (CPH:PRIMOF) Have A Place In Your Dividend Portfolio?
Apr 12We Think Prime Office (CPH:PRIMOF) Is Taking Some Risk With Its Debt
Mar 15Boasting A 18% Return On Equity, Is Prime Office A/S (CPH:PRIMOF) A Top Quality Stock?
Feb 17The Prime Office (CPH:PRIMOF) Share Price Is Up 174% And Shareholders Are Boasting About It
Jan 27Prime Office's (CPH:PRIMOF) Earnings Are Growing But Is There More To The Story?
Jan 06With EPS Growth And More, Prime Office (CPH:PRIMOF) Is Interesting
Dec 10Does Prime Office (CPH:PRIMOF) Have A Healthy Balance Sheet?
Nov 23Financial Position Analysis
Short Term Liabilities: PRIMOF's short term assets (DKK339.2M) exceed its short term liabilities (DKK82.5M).
Long Term Liabilities: PRIMOF's short term assets (DKK339.2M) do not cover its long term liabilities (DKK1.9B).
Debt to Equity History and Analysis
Debt Level: PRIMOF's net debt to equity ratio (66.6%) is considered high.
Reducing Debt: PRIMOF's debt to equity ratio has reduced from 146% to 81.4% over the past 5 years.
Debt Coverage: PRIMOF's debt is not well covered by operating cash flow (7%).
Interest Coverage: PRIMOF's interest payments on its debt are not well covered by EBIT (2.2x coverage).