Prima Industrie Balance Sheet Health
Financial Health criteria checks 6/6
Prima Industrie has a total shareholder equity of €188.1M and total debt of €101.3M, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are €564.6M and €376.5M respectively. Prima Industrie's EBIT is €23.1M making its interest coverage ratio 3.2. It has cash and short-term investments of €59.4M.
Key information
53.8%
Debt to equity ratio
€101.26m
Debt
Interest coverage ratio | 3.2x |
Cash | €59.44m |
Equity | €188.09m |
Total liabilities | €376.47m |
Total assets | €564.55m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PRIM's short term assets (€341.1M) exceed its short term liabilities (€263.7M).
Long Term Liabilities: PRIM's short term assets (€341.1M) exceed its long term liabilities (€112.8M).
Debt to Equity History and Analysis
Debt Level: PRIM's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: PRIM's debt to equity ratio has reduced from 94.5% to 53.8% over the past 5 years.
Debt Coverage: PRIM's debt is well covered by operating cash flow (20.9%).
Interest Coverage: PRIM's interest payments on its debt are well covered by EBIT (3.2x coverage).