Premier Foods Balance Sheet Health
Financial Health criteria checks 5/6
Premier Foods has a total shareholder equity of £1.4B and total debt of £324.3M, which brings its debt-to-equity ratio to 23.2%. Its total assets and total liabilities are £2.4B and £1.0B respectively. Premier Foods's EBIT is £177.5M making its interest coverage ratio 6.4. It has cash and short-term investments of £113.9M.
Key information
23.2%
Debt to equity ratio
UK£324.30m
Debt
| Interest coverage ratio | 6.4x |
| Cash | UK£113.90m |
| Equity | UK£1.40b |
| Total liabilities | UK£1.03b |
| Total assets | UK£2.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: PFDL's short term assets (£364.2M) exceed its short term liabilities (£306.8M).
Long Term Liabilities: PFDL's short term assets (£364.2M) do not cover its long term liabilities (£725.9M).
Debt to Equity History and Analysis
Debt Level: PFDL's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: PFDL's debt to equity ratio has reduced from 43.5% to 23.2% over the past 5 years.
Debt Coverage: PFDL's debt is well covered by operating cash flow (42.4%).
Interest Coverage: PFDL's interest payments on its debt are well covered by EBIT (6.4x coverage).