Primary Health Properties Balance Sheet Health
Financial Health criteria checks 1/6
Primary Health Properties has a total shareholder equity of £1.4B and total debt of £1.3B, which brings its debt-to-equity ratio to 96.8%. Its total assets and total liabilities are £2.8B and £1.4B respectively. Primary Health Properties's EBIT is £138.8M making its interest coverage ratio 2.7. It has cash and short-term investments of £4.1M.
Key information
96.8%
Debt to equity ratio
UK£1.34b
Debt
| Interest coverage ratio | 2.7x |
| Cash | UK£4.10m |
| Equity | UK£1.38b |
| Total liabilities | UK£1.41b |
| Total assets | UK£2.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: PHP's short term assets (£32.3M) do not cover its short term liabilities (£67.5M).
Long Term Liabilities: PHP's short term assets (£32.3M) do not cover its long term liabilities (£1.3B).
Debt to Equity History and Analysis
Debt Level: PHP's net debt to equity ratio (96.5%) is considered high.
Reducing Debt: PHP's debt to equity ratio has reduced from 105.8% to 96.8% over the past 5 years.
Debt Coverage: PHP's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: PHP's interest payments on its debt are not well covered by EBIT (2.7x coverage).