Premier Foods Balance Sheet Health
Financial Health criteria checks 5/6
Premier Foods has a total shareholder equity of £1.3B and total debt of £324.8M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are £2.3B and £1.0B respectively. Premier Foods's EBIT is £155.7M making its interest coverage ratio 7.1. It has cash and short-term investments of £67.7M.
Key information
24.5%
Debt to equity ratio
UK£324.80m
Debt
| Interest coverage ratio | 7.1x |
| Cash | UK£67.70m |
| Equity | UK£1.32b |
| Total liabilities | UK£1.00b |
| Total assets | UK£2.33b |
Recent financial health updates
Premier Foods (LON:PFD) Has A Somewhat Strained Balance Sheet
May 29
Does Premier Foods (LON:PFD) Have A Healthy Balance Sheet?
Jan 07Premier Foods (LON:PFD) Takes On Some Risk With Its Use Of Debt
Jul 24We Think Premier Foods (LON:PFD) Can Stay On Top Of Its Debt
Mar 27We Think Premier Foods (LON:PFD) Is Taking Some Risk With Its Debt
Dec 21Is Premier Foods (LON:PFD) A Risky Investment?
Jul 20Recent updates
Benign Growth For Premier Foods plc (LON:PFD) Underpins Its Share Price
Apr 23Do Premier Foods' (LON:PFD) Earnings Warrant Your Attention?
Mar 07At UK£1.38, Is It Time To Put Premier Foods plc (LON:PFD) On Your Watch List?
Feb 03Returns At Premier Foods (LON:PFD) Are On The Way Up
Jan 19Should You Be Adding Premier Foods (LON:PFD) To Your Watchlist Today?
Nov 03Premier Foods plc (LON:PFD) Shares Could Be 48% Below Their Intrinsic Value Estimate
Sep 29With EPS Growth And More, Premier Foods (LON:PFD) Makes An Interesting Case
Aug 03The Return Trends At Premier Foods (LON:PFD) Look Promising
Jun 27Premier Foods (LON:PFD) Has A Somewhat Strained Balance Sheet
May 29Should You Investigate Premier Foods plc (LON:PFD) At UK£1.24?
Apr 20Premier Foods (LON:PFD) Is Doing The Right Things To Multiply Its Share Price
Mar 08Does Premier Foods (LON:PFD) Have A Healthy Balance Sheet?
Jan 07Is It Too Late To Consider Buying Premier Foods plc (LON:PFD)?
Sep 13We Like These Underlying Return On Capital Trends At Premier Foods (LON:PFD)
Aug 24Premier Foods (LON:PFD) Takes On Some Risk With Its Use Of Debt
Jul 24Premier Foods plc Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
May 21We Think Premier Foods (LON:PFD) Can Stay On Top Of Its Debt
Mar 27Is Now An Opportune Moment To Examine Premier Foods plc (LON:PFD)?
Mar 05Premier Foods (LON:PFD) Might Have The Makings Of A Multi-Bagger
Jan 20We Think Premier Foods (LON:PFD) Is Taking Some Risk With Its Debt
Dec 21When Should You Buy Premier Foods plc (LON:PFD)?
Nov 18Premier Foods (LON:PFD) Might Have The Makings Of A Multi-Bagger
Oct 22Is Now An Opportune Moment To Examine Premier Foods plc (LON:PFD)?
Aug 20Is Premier Foods (LON:PFD) A Risky Investment?
Jul 20Premier Foods (LON:PFD) Is Looking To Continue Growing Its Returns On Capital
May 31What Is Premier Foods plc's (LON:PFD) Share Price Doing?
Apr 19Premier Foods (LON:PFD) Shareholders Have Enjoyed A Whopping 339% Share Price Gain
Mar 15Will Premier Foods' (LON:PFD) Growth In ROCE Persist?
Feb 16Premier Foods (LON:PFD) Has A Pretty Healthy Balance Sheet
Jan 26
Are Premier Foods's (LON:PFD) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Jan 08What Does Premier Foods plc's (LON:PFD) Share Price Indicate?
Dec 21Announcing: Premier Foods (LON:PFD) Stock Increased An Energizing 135% In The Last Five Years
Dec 02Financial Position Analysis
Short Term Liabilities: PFD's short term assets (£316.7M) exceed its short term liabilities (£311.6M).
Long Term Liabilities: PFD's short term assets (£316.7M) do not cover its long term liabilities (£688.7M).
Debt to Equity History and Analysis
Debt Level: PFD's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: PFD's debt to equity ratio has reduced from 57.2% to 24.5% over the past 5 years.
Debt Coverage: PFD's debt is well covered by operating cash flow (35.4%).
Interest Coverage: PFD's interest payments on its debt are well covered by EBIT (7.1x coverage).